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Category: News

E-Scrap News magazine is the premier trade journal for electronics recycling and refurbishment experts. It offers updates on the latest equipment and technology, details trends in electronics recycling legislation, highlights the work of innovative processors, and covers all the other critical industry news.

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Margin pressure, inflation cut Sims earnings in half

Published: August 23, 2023
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In spite of depressed resale prices in China, Sims Lifecycle Services reported a large increase in electronics resold during the 2023 fiscal year. | Andrii Yalanskyi/Shutterstock

Low used electronics pricing in China, margin compression and inflation conspired to cut Sims Lifecycle Services’ profits in half during the 2023 fiscal year, executives said.  Continue Reading

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Insights from Iron Mountain, Envela financial disclosures

Published: August 9, 2023
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Iron Mountain and Envela Corporation recently released second-quarter earnings results, providing insight into electronics reuse and recycling markets. | iQoncept/Shutterstock

Low prices for electronic components continue to dampen Iron Mountain’s data center decommissioning business. Meanwhile, a group of ITAD and e-scrap companies boosted their profit margins even amid a slowdown in business.  Continue Reading

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Survey: ITAD leaders optimistic about improving markets

Published: August 9, 2023
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Over half of respondents reported plans for investments of more than $500,000, indicating an uptick in market optimism among electronics recyclers. | Polarpx/Shutterstock

Likely hesitant due to difficult markets in the first quarter, ITAD industry players were fairly conservative in their capital expenditures early this year. But company leaders foresee bigger spending ahead, according to a new survey. Continue Reading

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TES to open hyperscale-focused plant in Virginia

Published: August 9, 2023
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Closeup of a server rack.

The upcoming Fredericksburg, Va. facility will likely replace TES’ current ITAD plant. | Basiczto/Shutterstock

TES is opening a facility in Virginia to decommission hyperscale data centers, part of the ITAD company’s strategy to benefit from the continuing transition of computing power from individual devices to the cloud.  Continue Reading

Biden-Harris admin pushes US sustainable procurement

Published: August 9, 2023
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A federal purchasing rule handed down last week directs agencies to buy sustainable products and avoid those that contain PFAS. | Petrmalinak/Shutterstock

The federal government has announced plans to further prioritize American-made sustainable products and services in its purchasing, including recycled content. Continue Reading

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