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Economy
encourages efficiencies
by
Brian R. Hook
The bad economy is forcing recyclers
to become more efficient. “We learn
to do more with less,” said Frank
Cozzi, partner at Cozzi Enterprises,
Inc. in Burr Ridge, Illinois.
Volumes at the management consulting
company’s metal recycling facility
in Glendale, Arizona dropped by 35 percent
in November compared to the same month
during 2007.
“Business for the entire year was
not bad, but the last quarter will be
off significantly,” Cozzi said
about the ferrous and non-ferrous recycling
business. He said the state of the overall
economy has lead to a drop in price and
demand for all scrap commodities.
Pricing of ferrous scrap was down 78
percent from earlier in 2008, Cozzi said.
Non-ferrous metal pricing, in most cases,
was also down approximately 60 percent.
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