Sims Metals Management anticipates lower financial returns due to depressed commodity prices | Amy VonDe/Shutterstock
A recent tumble in steel and aluminum prices will significantly hurt Sims Metal Management’s financial results, the company informed investors.
The newly formed company, Quantum Lifecycle Partners, will operate eight processing facilities in four Canadian provinces. | Olivier Le Queinec/Shutterstock
GEEP Canada and the Shift Group of Companies are bringing together their e-scrap and ITAD offerings, a move they say will boost their reach across Canada.
Sims noted that lower commodity prices were a factor leading to smaller profits. | create jobs 51/Shutterstock
Sims Recycling Solutions (SRS) pulled in smaller profits during the 2019 fiscal year. But the company also pointed to stronger numbers in the second half of the year, attributing gains in part to data center recycling efforts.
At maximum capacity, SMR’s Dallas plant can handle up to 4 million pounds per month. | vladdon/Shutterstock
SMR Worldwide has opened its third processing site, the first of several additional locations slated to come on-line in the next few years.
IRT is expanding and moving into this 230,000-square-foot building in St. Cloud, Minn. | Courtesy of IRT.
IRT is moving into a facility more than five times the size of the company’s current Minnesota site as its business model evolves.
Fire officials spoke with employees and learned the blaze sparked when computers were mixed with lithium-ion batteries. | Inaoy/Shutterstock
This story has been updated.
An Illinois e-scrap processor suffered a major fire this week. The cause is unconfirmed – company employees told investigators lithium-ion batteries were involved, but company officials dispute that fact.
In the runup to the 2019 E-Scrap Conference and Trade Show, we are offering up a series of interviews with some of the industry leaders set to take the stage.
Glencore’s recycling division serves as a downstream outlet for a variety of e-scrap materials. | science photo/Shutterstock
The shuttered BlueOak Arkansas e-scrap metals facility has been acquired by Glencore, which is working to start up operations at the site.
Clover has recently hired debt restructuring advisers. | antb/Shutterstock
Clover Technologies Group, the world’s largest collector of used printer cartridges, is suffering financial problems caused by heavy debt and the loss of two customers.
During the 10 years Arrow operated in the ITAD sector, e-commerce increased and became a competitor to the company’s business model. | dokurose/Shutterstock
Evolving ITAD economics contributed to Arrow Electronics’ decision to jettison that segment of its business, according to company leaders.