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
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
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
E-scrap processors are developing strategies for an increasing number of PV modules entering the market. | Hill120 / Shutterstock
Modern Mining Technology Corporation plans to offer 2 million shares priced at roughly $5.00 each. | KPixMining/Shutterstock
A company with a pilot plant for extracting precious metals from printed circuit boards has filed to become a publicly traded company. Continue Reading
A representative from URT estimates that his company will receive roughly half a million pounds of e-scrap at its facility in Clackamas, Ore. | Eric Celebrezze/Shutterstock
Forget the next city or state over – Universal Recycling Technologies’ Oregon facility will recycle e-scrap that traveled the equivalent of one-third of the circumference of the earth. Continue Reading
Thus far, 16 companies have participated in the ADVANCE+ program, hiring a total of over 150 people with disabilities. | David Gyung/Shutterstock
Global Ewaste Solutions hired four people with disabilities after the company completed a workforce inclusion program from e-Stewards.
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As COVID-era supply chain squeezes begin to loosen up, Cascade finds itself wrestling with diminishing prices for its refurbished devices. | Elnur/Shutterstock
Cascade Asset Management found that selling used electronics through e-commerce marketplaces brought substantially more revenue growth than selling to wholesalers last year. The ITAD company still joined many others in suffering an overall drop in prices. Continue Reading
The CEO of S3 hopes the purchase of 78,000 square feet of space will allow his company to more than double its processing volume. | Courtesy of S3 Recycling Solutions
S3 Recycling Solutions is growing strategically, adding both a building and a chief operations officer. Continue Reading
The calculator covers 29 categories of e-waste. | Lp Studio/Shutterstock
Dynamic Lifecycle Innovations launched a carbon calculator that will allow customers to estimate how electronics recovery affects scope 3 emissions. The processor also released its first ESG report. Continue Reading