Casella Waste Systems and Advanced Disposal Services, two of the larger garbage and recycling companies in North America, experienced tumbling recycling revenues last year.
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Casella Waste Systems and Advanced Disposal Services, two of the larger garbage and recycling companies in North America, experienced tumbling recycling revenues last year.
China’s scrap import restrictions and their rippling market effects pared recycling revenues for Waste Management and Waste Connections last year.
China has decreased purchases of old corrugated containers, which has caused domestic and export prices for the key fiber grade to fall.
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Recycling revenues fell last year for one major hauler, hampered by China’s import restrictions and low fiber prices. Meanwhile, the company opened what it calls a next-generation MRF in Texas.
Recovered fiber and aluminum prices have taken a beating over the past month, but a key plastic grade, PET, has shown stability.
Disruptions in global recycling markets continued to hurt recycling revenues for Waste Management and Republic Services. Meanwhile, both companies mitigated the pain by charging customers new recycling fees.
Jim Fish, CEO of Waste Management, speaks at the company’s annual sustainability forum.
Waste Management invested millions of dollars into recycling in 2018, and the year to come will bring the company’s “largest residential recycling investment” to date, company leaders said.
Ardagh Group will cease production at a glass bottle factory in Illinois, but the move isn’t expected to cripple glass recycling in the region.
Used beverage cans, historically a reliable and valuable commodity, have seen recent price lows that are adding extra strife to already stressed residential recycling markets.
