The coronavirus pandemic has reduced the volume of incoming assets for some ITAD companies, but it has also opened new opportunities for fee-based services. | Gorodenkoff/Shutterstock
Associate Editor Jared Paben has worked for Resource Recycling since December 2014. Most of his earlier career was spent as a reporter for the daily newspaper in Bellingham, Wash., but he also has experience working for the Oregon volunteerism commission and for Oregon nonprofits serving low-income populations. He can be contacted at [email protected].The coronavirus pandemic has reduced the volume of incoming assets for some ITAD companies, but it has also opened new opportunities for fee-based services. | Gorodenkoff/Shutterstock
Sycamore International works out of a 30,000-square-foot facility in West Grove, Pa.
Sycamore International’s roots were in serving the IT asset management needs of K-12 schools and universities/colleges, but the company has since branched out to service other sectors, including enterprises and health care.
Industry group ISRI said that updated import guidelines are an acknowledgement from China that scrap materials are products, not waste. | Maha Heang 245789/Shutterstock
Chinese authorities have published updated standards for imports of recovered brass, copper and aluminum. They’re set to go into effect on Nov. 1.
TCL is known primarily as a TV and monitor brand. | Lutsenko_Oleksandr/Shutterstock
Electronics manufacturer TCL will support e-scrap collection events in four states next month, each using a unique reservation-based, contactless collection strategy.
The Treasury Department fine against Morgan Stanley was related to a 2016 decommissioning of two Wealth Management business data centers in the U.S., as well as ITAD vendor control management deficiencies in 2019. The company doesn’t believe any client information has been accessed or misused.| Ken Wolter/Shutterstock
The U.S. Treasury Department has issued a major fine to Morgan Stanley for improper management of drives. Executives in the electronics recovery sector say the case reaffirms the warnings they have been giving to corporate partners for years.
A processing line inside the 140,000-square-foot facility Sage recently occupied in Sparks, Nevada.
Business opportunities before and amid COVID-19 have helped drive capacity growth at reuse-focused Sage Sustainable Electronics.
Apple alleges its damages total $30 million Canadian, deriving from lost profits from gray-markets sales and injury to Apple’s brand image and trademarks. | IRENE COLL INGLES/Shutterstock
Apple claims GEEP Canada employees hid Apple devices out of view of an e-scrap facility’s cameras, mislabeled devices as “copper bearings” for outbound shipping, and then received kickbacks for illegally reselling them.
The Genesis unit in use erasing, testing and repairing drives. | Courtesy of Ultratest Solutions.
Amid growing data security concerns, U.K.-based Ultratec has seen greater reluctance among its customers to ship unwiped drives to Ultratec’s plants for data sanitization. Bringing drive processing capabilities to customers’ sites alleviates those concerns.
Gold prices reached nearly $2,000 a troy ounce in August. | savva_25/Shutterstock
Driven by investors, gold prices have remained high throughout the year, even hitting a recent record high this quarter, according to The Wall Street Journal.
