committee approves Johnson as EPA chief
cleared another hurdle in his endeavor to become
the head of the U.S. Environmental Protection Agency.
April 13, 2005, his nomination was approved by the
Environment and Public Works Committee. The vote
was 17-1 in favor of Johnson´s nomination,
with Senator Tom Carper, D-Del., as the lone dissenter.
nomination will now go to the Senate for consideration.
DEP announces latest round of grants
Pennsylvania Environmental Protection Secretary
Kathleen A. McGinty announced the availability of
Recycling Development and Implementation Grants
to help finance municipal programs that give more
than 10 million Pennsylvanians access to recycling.
recycling program mandated recycling in Pennsylvania’s
larger municipalities, required counties to develop
municipal waste management plans and created the
Recycling Fund, supported by a $2 per ton tipping
fee on all landfilled materials in the state to
provide grants to offset local government expenses.
and Implementation Grants reimburse local governments
for the cost of municipal recycling and composting
programs. Municipalities are eligible for 90 percent
funding of approved recycling program costs. Grants
of up to $500,000 are available.
Trailers appoints new dealer in Wisconsin
Entrepreneur Jerry Kraft capitalized on his extensive
experience in the trailer business and started his
own company, Wisconsin/UP Trailer Sales, LLC, in
September, 2004. Located in Francis Creek, Wisconsin,
they are the newest Green Bay area authorized dealership
for East Manufacturing’s full line of aluminum
dump and flatbed trailers and heavy duty trucking
cheaper lines out there,” said Kraft, president
of Wisconsin/UP Trailer Sales, “but none are
as well built as East - they do so many more things
right. We’re proud to be an East dealer.”
names Calkins to lead environmental VP
Xerox Corporation has named Patricia A. Calkins
as vice president of Environment, Health and Safety,
effective April 1. Calkins is responsible for policy
and strategy development and implementation of all
EH&S programs at Xerox worldwide. A pioneer
in environmental management, Xerox saves hundreds
of millions of dollars annually through its initiatives.
Its goal of “waste-free products from waste-free
factories” filters through all aspects of
the company’s operations.
Xerox EH&S as a manager of resource conservation
in 1993. She has assumed increasingly responsible
management positions in quality and business process,
EH&S market support, and Design for Lean Six
Sigma programs in the Xerox Engineering Center.
She most recently served as vice president, EH&S
Pottery changes name to Xethanol Corporation
Zen Pottery Equipment, Inc., which had been operating
as Xethanol Corporation since the closing of its
reverse merger and concurrent private offering in
February, announced that it has formerly changed
its corporate name to Xethanol Corporation and reincorporated
in the state of Delaware. Additionally, the trading
symbol for the company’s shares has been changed
to XTHN.OB, where the shares are quoted on the OTC
Xeth-anol’s chairman and chief executive officer,
remarked: “This move represents another milestone
in our evolution as one of the fastest growing small
public ethanol producers in the nation.”
named interim CEO of Flowserve
Flowserve Corp. said its board of directors and
C. Scott Greer have jointly agreed to accelerate
the company’s previously announced CEO transition.
Greer resigned as chairman, president, CEO and director
of Flowserve, effective immediately, but will remain
employed with the company in a consulting role through
June 30, 2005, to help insure a smooth transition.
Kevin E. Sheehan,
a director and most recently chairman of the board’s
Corporate Governance and Nominating Committee, was
named interim chairman, president and CEO. He will
assume Greer’s former responsibilities until
a permanent successor is appointed, in accordance
with the board’s transition plan. The company
said the process for recruiting a permanent CEO
is well underway, though no timetable has been set
to name a successor.
Sheehan, has been
a director of Flowserve, and one of its predecessor
companies, since 1990. He is a partner in CID Equity
Partners in Indianapolis, which he joined in 1994
after more than 22 years in senior level management
and executive positions with Cummins Engine Co.
Inc. The company announced on February 7, 2005,
that its board and Greer had jointly agreed not
to renew Greer’s contract with the company
when it expires on June 30, 2005.
produces motorized pully movie
Rulmeca Corporation, a manufacturer of bulk handling
idlers and pulleys, recently produced a movie explaining
the company’s motorized pulleys.
The second in a
series of movies, this five minute presentation
explains how Rulmeca Motorized Pulleys (formerly
known as JOKI pulleys) offer superior performance
in abrasive and corrosive environments. Available
in DVD format and downloadable from the company’s
website, the movie also presents an animated explanation
of how the company’s regreasable labyrinth
The movie shows
how the drive’s sealing system prevents ingress
of dust and liquid contamination in environments
such as salt mining, coal mining and preparation,
ore mining and processing, ocean dredging, fertilizer
production, and fossil-fuel power production. The
hermetically sealed enclosure increases system reliability
while the self-lubricating gearbox reduces costly
To order a copy
of the movie or more information about Rulmeca Corporation,
Hunt elected as Newpark’s chairman
Newpark Resources, Inc., a provider of integrated
fluids management, environmental and oilfield services
to the exploration and production industry, announced
that its board of directors has chosen to separate
the roles of chairman of the board and chief executive
officer. Effective immediately, David P. Hunt, a
seven-year member of Newpark’s board of directors,
will assume the duties of the chairman of the board.
Hunt joined Newpark as a director in 1995 following
a 32-year career at CNG Producing Company where
he retired as president and chief executive officer.
James D. Cole, who formerly served as Newpark’s
chairman, continues in his role as the company’s
chief executive officer.
receives extension on credit line
Perma-Fix Environmental Services, Inc. has received
an extension on its $25 million asset-based line
of credit, through May 31, 2008, as reported in
the Company’s Form 10K filed with the Securities
and Exchange Commission on March 31, 2005.
Dr. Louis F. Centofanti,
chairman and CEO, commented, “Having reduced
our debt by over $10 million in 2004, this agreement
will further reduce our interest payments and reinforces
the progress we continue to make in strengthening
our balance sheet.”
As previously reported,
on March 15, 2005, the Company entered into a commitment
letter with PNC Bank (PNC), whereby PNC agreed to
renew and extend the agreement and to increase the
term loan back up to $7.0 million. As a result of
the signed amendment, the Company’s balance
sheet, as filed in the company’s Form 10K
with the Securities and Exchange Commission on March
31, 2005, reflects the $8.6 million long-term portion
of PNC debt properly classified as long-term debt.
made business development manager
Tierra Verde Industries (TVI) and E-Recycling of
California (ERC) announced the hiring of Kevin P.
McCarthy as business development manager for its
recycling operations. He will report directly to
Arthur Kazarian, president of TVI and ERC.
McCarthy was previously
with Waste Management for over 12 years. Recently
he served as vice-president of Government Affairs
for Recycle America Alliance, Waste Management’s
90% owned recycling subsidiary. Prior to that he
was the director of Electronics Recycling.
orders shutdown of Indiana facility
U.S. Environmental Protection Agency Region 5 has
issued an administrative order to Wabash Environmental
Technologies LLC prohibiting it from resuming operations
until it gets and complies with an approved Clean
Air Act operating permit for its wastewater treatment
facility at 1331 S. First St., Terre Haute, Indiana.
the Indiana Department of Environmental Management
issued an order to the company that barred it from
accepting any wastewater until certain conditions
were met. Prior to that, EPA had issued two Clean
Air Act findings of violation to the company.
In January, Wabash
began installing covers for some of the facility’s
tanks, but EPA has informed the company that the
covers do not comply with federal regulations.
The EPA order requires
Wabash to submit an operating permit application
that specifies how the facility will comply with
national emission standards for hazardous air pollutants
for off-site waste and recovery operations. The
permit must also specify how the plant will ensure
biological treatment capability and state its criteria
for deciding what wastewater to accept.
announces 2004 financial results
Veridium Corporation (“Veridium”), an
environmental services provider that specializes
in the recycling and reuse of industrial wastes,
announced its financial results for the year ended
December 31, 2004.
revenues of $13.2 million for the year ended December
31, 2004, up $1.2 million, or 10.2%, as compared
to revenues of $12.0 million for the year ended
December 31, 2003. This increase was due to a full
year’s accounting for revenues in 2004 as
compared to eight months of revenues in 2003 for
the companies acquired during 2003.
The company reported
a 2004 net loss of $7.0 million, or $0.26 per share,
as compared with a 2003 net loss of $14.2 million,
or $0.93 per share. Veridium realized impairment
charges of intangible assets of $3.5 million, an
idle asset write off of $1.3 million, a deferred
finance charge write off of $0.6 million, severance
of $0.4 million, and a forfeited building purchase
deposit of $0.1 million. The net loss for the year
ended December 31, 2004, before above discussed
items, was $1.1 million, or 8.3% of revenue, as
compared to $1.5 million, or 11.8%.