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Irving, TX— Commercial Metals
Company has acquired Lofland Acquisition, Inc. Lofland is the sole
stockholder of The Lofland Company and subsidiaries which operate
steel reinforcing bar fabrication and construction-related products
sales facilities. Lofland is headquartered in Dallas, Texas, where
Ralph Lofland founded the business in 1934. CMC paid approximately
$47 million cash and assumed no debt other than trade payables owed
by Lofland at closing.
“The acquisition of Lofland
complements our existing Texas rebar fabrication and construction-related
product sales operations which are concentrated principally outside
of North Texas. At the same time it expands our service areas with
significant operating bases in each of the neighboring states. Lofland
has a proud heritage, excellent reputation and strategic presence
in expanding Southwestern markets. We expect this acquisition to
be accretive to earnings in the first year,” said Stanley
A. Rabin, chairman, president and chief executive officer of CMC.
Sunoco Builds Coke
Plant in Ohio
Philadelphia, PA— Sunoco,
Inc. announced that its subsidiary, Sun Coke Company, will start
the construction of a heat recovery coke manufacturing plant in
Haverhill, Ohio. Initial coke production is expected to be during
the first quarter of 2005. Upon completion, the Haverhill facility
will produce approximately 550 thousand tons of screened blast furnace
coke per year to be sold to the International Steel Group (“ISG”)
under a long-term contract and approximately 450 thousand pounds
per hour of steam to be sold to Sunoco’s adjacent phenol-manufacturing
“For Sunoco, the project represents
a strategic, synergistic and accretive investment,” said Sunoco
Chairman and Chief Executive Officer John G. Drosdick.
“Financially, the project
should provide an attractive return on investment and generate net
income of approximately $15 million annually for the company. Strategically,
this agreement increases our total coke production by 27 percent
and strengthens our supplier relationship with ISG. By locating
the plant in Haverhill, the heat recovery steam generation associated
with our cokemaking process will provide lower cost energy to our
adjacent phenol-manufacturing complex and will provide that facility
with protection from rising natural gas costs. This agreement represents
a significant step forward for our coke business and its efforts
to add additional value to Sunoco.”
Sun Coke Company’s process
utilizes technology that eliminates coke oven emissions and is specifically
referenced in the U.S. Clean Air Act as the “maximum achievable
control technology” for coke production. The Haverhill facility
will include coal transfer operations, processing and heat recovery
NAPCOR Creates Recycling
Charlotte, NC— The National
Association for PET Container Resources (NAPCOR), the trade association
for the PET plastic industry in the United States and Canada, has
completed creation of the Single-Serve Recycling Toolkit, a step-by-step
guide to establishing or expanding recycling programs for single-serve
PET plastic bottles at events and special venues of various sizes.
The comprehensive guide details
the steps involved in venue and event recycling – from analyzing
costs and benefits to collecting, handling and processing single-serve
containers - and will be distributed free of charge by the association.
The Toolkit outlines an approach
to recycling at venues and events that emphasizes maximum material
recovery in a cost-efficient manner, while recognizing the value
of education and promotion as tools to reinforce the importance
of recycling in our society.
PET (polyethylene terephthalate)
plastic is the type of plastic with the #1 code on or near the bottom
of the container. PET plastic bottles are commonly used to package
water, soft drinks, sports drinks and beer, which are sold across
the country at events (like state fairs and festivals) and special
venues (like stadiums, arenas, and race tracks) across the country.
Verizon Wireless Recycles
Used Cell Phones to Assist Domestic Violence Victims
Orangeburg, NY— Drop off your
old cell phone at a Verizon Wireless Communications Store and help
fight domestic violence through the company’s HopeLines Phone
Recycling Program. All phones collected will be recycled or sold,
and either phones or cash will be donated to non-profit domestic
violence agencies. What’s more, you’ll know you disposed
of your phone in an environmentally-safe way.
In 2003, Verizon Wireless donated
nearly $45,000 to domestic violence agencies from the proceeds of
phone recycling drives throughout the New York Metro area. As a
result of HopeLine and related phone recycling programs the company
has organized since 1995, Verizon Wireless has collected more than
one million used wireless phones for the benefit of domestic violence
victims and advocacy groups, including nearly 85,000 wireless handsets
in the New York Metro area.
Treatment of Radioactive
Waste Assigned to Perma-Fix Subsidiary
Oak Ridge, TN— East Tennessee
Materials & Energy Corporation, a wholly owned subsidiary of
Perma-Fix Environmental Services, Inc. has been awarded a contract
with the potential value of several million dollars by Bechtel Jacobs
Company, LLC of Oak Ridge, Tennessee, for low level radioactive
waste processing and shipping from the Oak Ridge Reservation.
Bechtel Jacobs Company, LLC, the
U.S. Department of Energy’s Closure Contractor for the Oak
Ridge Reservation, estimates that approximately 22,000 cubic meters
of low level radioactive waste currently in storage will require
processing and shipping for disposal between October 2003 and June
The low level radioactive waste
will consist primarily of dry active waste, scrap metal, and construction
demolition debris. East Tennessee Materials & Energy Corporation
will perform processing and shipping under this contract at its
facility located at the East Tennessee Technology Park. The facility
is in close proximity to the stored waste.
Bethlehem Steel Corporation
Bethlehem, PA— Bethlehem Steel
Corporation announced that its Plan of Liquidation, which was confirmed
by the United States Bankruptcy Court for the Southern District
of New York on October 22, 2003, became effective on December 31,
2003, and, pursuant to that Plan, Bethlehem Steel Corporation and
its remaining subsidiaries were dissolved on December 31, 2003.
Additionally, all of the outstanding stock of Bethlehem Steel Corporation
has been cancelled.
Link-Belt Names Two
New Dealers in New York
Lexington, KY— LBX Company,
makers of Link-Belt Earthmoving, Forestry and Material Handling
Equipment announced the appointment of two new authorized distributors
of Link-Belt Excavators, articulated trucks, wheel loaders, timber
loaders and material handlers in New York. The new dealers - George
and Swede Sales and Service, Inc. in Pavilion, and New Millennium
Rentals, Inc. in New Windsor, join the network of LBX dealers across
George and Swede was founded in
1983 with a commitment to provide heavy equipment repair service
and sales in northwest New York. The company has expanded its facilities
and added several manufacturer partners through the years to reach
New Millennium opened its doors
in 2000 to offer better rental options to the environmental, recycling,
demolition and highway construction industries. The company specializes
in providing excavators with job-specific attachments to accommodate
a wide variety of tasks.
Harris Waste Management
Hires George Elkins
Peachtree City, GA— Harris
Waste Management Group, Inc. (Harris) has hired George Elkins as
General Manager for the Baxley, Georgia manufacturing facility.
George brings with him 31 years of industrial experience with a
variety of products and positions in the manufacturing industry.
He was previously employed by Harris as group purchasing manager.
George has an Industrial Engineering
degree from Auburn University, and he carries two certifications;
the C.P.M. - Certified Purchasing Manager through the National Association
of Purchasing Management (NAPM); and CPIM – Certified Production
and Inventory Management through APICS. George comes from Marconi,
Inc., LaGrange, Georgia where he worked as their materials manager.
SWANA Hosts Training
for Managers of Landfills
Silver Spring, MD— The Northern
California Gold Rush Chapter of SWANA-the Solid Waste Associate
of North America, will host the next California Manager of Landfill
Operations training session. The event is scheduled for March 2-5,
2004 in the Sacramento area.
In addition to the training and
certification course, a California-specific exam will also be administered.
All interested parties should contact John F. Boss, Senior Project
Manger at Gannett Fleming, Inc., via phone at 916-961-9835, fax
at 800-631-1698, or e-mail at email@example.com.
Peoria, IL— EPA Administrator
Mike Leavitt recognized Caterpillar Inc. as a Climate Leaders partner.
Caterpillar recently joined Climate Leaders, a voluntary program
established by the United States Environmental Protection Agency
(EPA), as further demonstration of the company’s ongoing commitment
to developing solutions to reduce greenhouse gas (GHG) emissions.
Since 1990, Caterpillar has reduced
direct greenhouse gas emissions from its U.S. facilities by more
than 35 percent. In addition, Cat clean diesel engines continue
to improve fuel efficiency while meeting ever more stringent federal
and state emissions reduction standards. Caterpillar has reduced
emissions in on-highway diesel engines by 90 percent since the late
1980s. And, with the benefit of breakthrough ACERT technology, the
company will reduce emissions a further 90 percent by 2007.
“The Climate Leaders program
will better enable Caterpillar to continue its efforts on reducing
greenhouse gas emissions and is another example of our long-standing
commitment to preserving and protecting our environment,”
said Ali M. Bahaj, Caterpillar vice president with responsibility
for the company’s Corporate Environment, Health and Safety
Department. “Intelligent, responsible public policies will
ensure that environmental protection is compatible with strong global
economic growth and development.”
The Climate Leaders program challenges
businesses to develop a comprehensive greenhouse gas emissions inventory
for their activities and to set aggressive, long-term emissions
reduction goals. Members, like Caterpillar, benefit from the program
by identifying themselves as environmental leaders, improving their
understanding of their GHG emissions and creating a lasting record
John Balkcom Joins
IMCO Recycling's Board
Irving, TX— IMCO Recycling
Inc. announced that John E. Balkcom, the recently retired president
of St. John’s College, Santa Fe, New Mexico, has been elected
a member of the company’s board of directors.
Mr. Balkcom, was president of St.
John’s College from 2000 to 2003 after serving in early 2000
as adjunct professor of economics at the University of Chicago’s
Graduate School of Business.
Earlier in his career, Mr. Balkcom
was principal of Sibson & Company, Chicago, a human capital
consulting firm where he was an advisor to chief executive officers
and boards of directors of both publicly owned and nonprofit organizations.
He is the author of numerous articles on executive evaluation and
compensation, strategic performance measurement and the role of
boards of directors.
Allied Waste Completes
Scottsdale, AZ— Allied Waste
Industries, Inc. announced that effective December 31, 2003, it
had successfully completed its 2003 divestiture program aimed at
generating $300 million of proceeds for debt repayment.
Allied Waste completed portions
of the previously announced divestiture of its northern and central
Florida operations to Capital Environmental Resource, Inc., which
generated approximately $76 million of proceeds. The sale of the
remaining Florida operations is expected to close during the first
quarter of 2004 and result in approximately $44 million of proceeds.
The company also completed the
sale of certain non-integrated operations in Virginia, Idaho and
Wyoming to two separate private companies for combined proceeds
of approximately $100 million. These operations represent approximately
$58 million in annual revenue, and include collection, transfer
and recycling operations.
Upon the completion of the balance
of the Florida divestiture, the company will have completed the
divestiture of approximately $335 million of annual revenue and
approximately $65 million of annual operating income before depreciation
and amortization for expected proceeds of approximately $330 million.
Grinders Aid Job Site Recycling
Slave Lake, Alberta, Canada—
Weyerhaeuser Company and Tolko Industries have signed a letter of
intent for the sale to Tolko of the Weyerhaeuser oriented strand
board (OSB) mill located at Slave Lake, Alberta for approximately
$C56 million ($US43 million). The transaction is targeted to close
on February 27, 2004, and is subject to approval by the Weyerhaeuser
board of directors, as well as government and other required approvals.
The Slave Lake OSB mill has annual
production capacity of 240 million square feet (3/8-inch basis),
and a timber allocation of approximately 600,000 cubic meters per
year. The mill directly employs about 140 people.
Weyerhaeuser acquired the Slave
Lake mill in 1992. In Alberta, Weyerhaeuser also operates two other
OSB mills at Edson and Drayton Valley; a pulp mill at Grande Prairie,
sawmills in Grande Prairie and Drayton Valley; an engineered products
plant at Claresholm, as well several sales and customer service
Metal Management Achieves
Certification at Three Additional Facilities
Chicago, IL— Metal Management,
Inc. announced that its three Metal Management Ohio, Inc. facilities
have been certified to the ISO 9001:2000 Standard. This is in addition
to the six Chicago-area Metal Management Midwest, Inc. facilities
already certified to the ISO 9001:2000 Standard.
Since the 1990’s, ISO 9000
quality series certification has become a major objective of American
manufacturers and their suppliers, especially as they compete internationally.
“We are very proud of our employees and pleased that Metal
Management’s dedication to customer service and product quality
has resulted in the ISO 9001:2000 Standard certification at our
Ohio and Midwest facilities,” acknowledged Albert A. Cozzi,
Vice Chairman and Chief Executive Officer of Metal Management, Inc.
On December 15, 2000, the ISO 9000
Standard was revised to the ISO 9001:2000 Standard. With the revision,
all companies with an ISO 9000:1994 certification had to get registered
to the new Standard by December 15, 2003 or their original certifications
Metal Management Ohio had been ISO
9002:1994 certified since February 1996. The recent audit, conducted
by Underwriters Laboratories Inc., and ongoing certification indicate
Metal Management Ohio operations are in conformance with ISO 9001:2000.
The company’s three Ohio ISO 9001:2000 Standard-registered
sites are Metal Management Ohio, Cleveland yard, Metal Management
Ohio, Defiance yard and Metal Management Ohio, Toledo yard.
Completes Acquisitions and Financing
Burlington, Ontario— Capital
Environmental Resource Inc. announced that it had, through its wholly
owned subsidiary, Waste Services, Inc., completed the first phase
of its previously announced acquisition of the Northern and Central
Florida operations of Allied Waste Industries, Inc. on December
31, 2003. The acquisition was financed through a new U.S. $220 million
Senior Secured Credit facility arranged by Lehman Brothers Inc.
and funded through Lehman Commercial Paper Inc. The new facility
is comprised of a U.S. $195 million term loan and a revolving credit
facility of U.S. $25 million. Initial borrowings under this facility
were used to finance the acquisition, repay Capital’s existing
senior credit facility and pay related fees and expenses.
Separately, Capital announced that,
effective December 31, 2003, it completed the acquisition of the
assets of Horizon Waste Systems of Arizona, Inc, a solid waste collection
business operating in the greater Phoenix, Arizona metropolitan
area with annual revenue of approximately U.S. $8.5 million. The
purchase price included cash of U.S. $4.5 million and 600,000 shares
of Capital common stock. The majority of the disposal volume generated
by Horizon will be internalized with Capital’s previously
announced Arizona landfill and transfer station acquisitions now
scheduled to open in the second half of 2004.
Gant Joins AK Steel
Middletown, OH— AK Steel announced
that Douglas Gant, 45, has been named vice president, sales and
customer service. Mr. Gant has more than twenty years of sales,
marketing and product management experience with the company.
Mr. Gant started his career in 1980
at the company's Detroit sales office. He progressed through a number
of sales and marketing positions in the Detroit office and at the
corporate headquarters in Middletown. He advanced to regional sales
manager for the Detroit sales office in 1995 and to general manager,
sales in 1999 with responsibility for all of AK Steel's field sales
offices nationwide. In 2001 he was named director, sales and marketing
with responsibility for managing carbon steel sales and marketing
for AK Steel.