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BUSINESS/ORGANIZATIONAL
BRIEFS
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Atlas Copco to acquire
Focus and Prisma
in India
Atlas Copco, India,
has exercised an
option to buy the
remaining 75 percent
of shares in Focus
Rocbit and Prisma
Roctools. They provide
complementary products
and services for
rotary and down-the-hole
drilling. The acquisitions
will strengthen
Atlas Copco’s position
in the market for
drill bits and hammers.
Atlas Copco acquired
25 percent of the
companies in April,
2008 and the companies
have been operating
as joint ventures
of the Secoroc division
since then. Focus
is a manufacturer
of bits for rotary
drilling and Prisma
makes bits and hammers
for down-the-hole
drilling. They are
headquartered in
Hyderabad, India.
As part of the acquisition
agreement, Focus
Mining Service Company,
out of Charleston,
West Virginia, will
continue to act
as an Atlas Copco
distributor, primarily
in the eastern coal
markets.
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Veteran scrap trader
Fred Rosenfeld joins
Krentzman
Krentzman Metals
Corporation (KMC),
a scrap broker,
based in Lewistown,
Pennsylvania, with
a buying office
in Toronto, announced
that veteran scrap
trader and broker
Fred Rosenfeld has
joined the Krentzman
firm in a new Port
Jefferson, New York
office.
Rosenfeld will head
the newly created
River Division of
KMC, which will
specialize in the
domestic and export
sales of ferrous
and copper-bearing
scrap materials
and usable metal
products.
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Halvorsen returns
as Hallco’s general
manager
Russ Halvorsen returned
to Hallco Industries,
Inc. after a 7-year
hiatus.
Halvorsen will hold
the same position
of general manager
that he held for
12 years prior to
the split.
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CARE releases annual
carpet recycling
report
The Carpet America
Recovery Effort
(CARE) released
figures for 2008
that show a reduction
in the recycling
and diversion of
post-consumer carpet,
compared to 2007
levels.
CARE’s 2008 Annual
Report, presented
at the organization’s
annual conference,
showed that 243.4
million pounds of
post-consumer carpet
were recycled and
292.4 million pounds
were diverted from
landfills in 2008.
These figures represent
an 11.4 percent
decrease in recycling
and a .8 percent
decrease in diversion
compared to 2007.
However, according
to CARE board chairman
Frank Hurd, the
decrease was less
than expected by
the group, especially
in light of profoundly
negative business
results reported
by other industries
in 2008, and given
the tough economic
environment currently
faced by United
States businesses.
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RecycleBank’s Ron
Gonen receives award
Ron Gonen, co-founder
and CEO of RecycleBank,
is the recipient
of the 2009 United
Nations Environment
Programme (UNEP)
Champion of the
Earth award in the
Entrepreneurial
Vision category.
Gonen is one of
only seven honorees
to earn the prestigious
distinction this
year and will be
recognized at a
special international
ceremony held in
conjunction with
the Business for
the Environment
Summit (B4E) in
Paris.
Champions of the
Earth is an international
environmental award
established in 2004
by the UNEP to acknowledge
the best and brightest
who have made a
significant contribution
globally, regionally
and beyond, to the
protection and sustainable
management of the
earth’s environment
and natural resources.
This year’s award
recognizes prominent
and inspirational
examples of environmental
leadership in the
areas of Policy
Leadership, Science
and Innovation,
Entrepreneurial
Vision, Inspiration
and Action, and
Next-Generation
Champions.
Gonen was chosen
for his environmental
leadership as co-founder
of RecycleBank.
RecycleBank recycling
carts are outfitted
with RFID tags and
RecycleBank uses
a proprietary technology
to record and translate
the amount each
home recycles into
RecycleBank Points
that can be used
to shop at over
1,400 local and
national businesses.
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Company Wrench completes
acquisition
Company Wrench,
headquartered in
Carroll, Ohio, has
acquired the demolition
and scrap metal
recycling assets
of Interstate Equipment
Co. of Lexington
Kentucky. Growing
in a down market
through acquisition
has become Company
Wrench’s focus.
Through this agreement,
Company Wrench will
market its specialty
demolition and scrap
processing products
in Kentucky and
Cincinnati, Ohio.
In addition, Company
Wrench has recently
established branch
locations in Columbia,
South Carolina and
Pasco, Washington.
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Verenium appoints
Levine executive
VP and CEO
Verenium Corporation
announced the appointment
of James E. Levine
to the position
of executive vice
president and chief
financial officer.
Levine will report
directly to Carlos
A. Riva, Verenium’s
president and chief
executive officer.
Prior to joining
Verenium, Levine
held various positions
with Goldman Sachs & Co.,
most recently as
a managing director
in the Power and
Utilities Group
in New York. Prior
to that, he was
a managing director
in the Energy Group
in London. The majority
of his tenure at
Goldman Sachs & Co.
centered on investment
banking in the oil
and gas industries,
with a particular
focus on the refining
and marketing sectors.
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Norb Geiss joins
SiCon America in
Florida office
SiCon America opened
a new sales and
consulting office
for the Americas
in Venice, Florida.
Norb Geiss has joined
SiCon GmbH.
Geiss will be representing
SiCon America, and
their equipment
partners, to provide
innovative recycling
solutions that implement
custom-tailored
turnkey metal recovery
and greener ASR
recycling systems.
Geiss held many
management positions
during his 30 years
in the shredding,
metals separation,
used auto part and
sales/administrative
functions of The
David J. Joseph
Company, in the
United States and
Europe.
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Primary Energy Recycling
declares cash distribution
Primary Energy Recycling
Corporation announced
that a cash distribution
of Cdn$ 0.06667
per enhanced income
security (EIS) of
the company will
be paid on June
30, 2009 to holders
of record on May
29, 2009.
Each EIS consists
of one common share
and a subordinated
note with par value
of Cdn$ 2.50 which
pays interest at
a rate of 11.75
percent per annum.
The EISs trade on
the Toronto Stock
Exchange under the
symbol PRI.UN. The
total distribution
of Cdn$ 0.06667
per EIS reflects
a cash distribution
of Cdn$ 0.04219
per common share
and an interest
payment of Cdn$
0.02448 per subordinated
note for the period
from May 1 to May
31, 2009.
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Deltalok USA expands
management team
Deltalok announced
the addition of
Robert Race, P.E.
to its management
team in the capacity
of director of engineering
services for Deltalok
USA.
Race comes to Deltalok
with over 20 years
of expertise in
the design, testing,
implementation,
marketing, training
and sales of retaining
wall systems for
civil engineering
applications. His
work includes senior
management roles
at Millenia Retaining
Walls, Keystone
Retaining Wall Systems,
The Tensar Corporation
and Stone & Webster
Engineering. He
holds a Bachelor
of Science degree
from Cornell University
and master’s degrees
from Purdue University
and Georgia College.
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Harsco names CEO
for Harsco Metals
group
Harsco Corporation
announced the appointment
of Galdino Claro
as the new CEO of
its global Harsco
Metals business
group, effective
June 1, 2009. Claro
will be directly
responsible for
more than 160 locations
in over 30 countries
employing approximately
11,500 people.
Claro comes to Harsco
with nearly 30 years
of executive leadership
experience in the
worldwide metals
industry, including
20 years as an international
operations executive
within Alcoa Inc.
where he led the
strategic growth
of operations in
the Asia-Pacific,
European and Latin
American regions.
He joins Harsco
from Aleris International
Inc., a Texas Pacific
Group company and
a global leader
in the aluminum
rolling and recycling
industries, where
he served as CEO
of Aleris Americas.
Prior to Aleris,
Claro was the president
and CEO of the metals
processing group
of Heico Companies
LLC, a Chicago-based
firm specializing
in acquiring underperforming
companies and growing
them into industry
leaders.
Claro will be based
in the United States,
heading up a new
global headquarters
organization for
Harsco Metals that
will oversee the
group’s regional
headquarters throughout
the world. He will
be responsible for
executing a number
of key strategies
of the Company including
emerging market
growth, as well
as customer and
market diversification.
He will report to
Geoffrey D. H. Butler,
who as Harsco’s
president and member
of the Company’s
Board of Directors
will continue his
overall responsibilities
for the Company’s
operations and strategic
business objectives.
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Norcal Waste Systems
changes corporate
name
Norcal Waste Systems
has formally changed
its corporate name
to Recology.
The name is rooted
in the company’s
89 year heritage
as one of the nation’s
first urban recyclers.
Recology has relocated
to a Gold LEED-designed
corporate office
in downtown San
Francisco. Environmentally,
the new office space
will achieve the
highest performance
certification practical
in this building,
saving energy, water
and money.
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Morbark and Great
West Equipment join
forces
Great West Equipment,
of British Columbia,
Canada, recently
signed on as an
exclusive dealer
of Morbark recycling,
forestry and tree
care equipment.
Great West has been
serving the forestry
and construction
industries for 22
years.
Formerly Marcels
Equipment, Ltd.,
Great West Equipment
also offers Volvo
Construction Equipment,
used equipment,
parts and service.
They serve the province
of British Columbia
with nine locations:
Campbell River,
Cranbrook, Fort
St. John, Kamloops,
Nanaimo, Prince
George, Vancouver,
Vernon and Williams
Lake.
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Brosick to direct
product strategy
for Doosan
Stefan Brosick has
been promoted to
director of global
product strategy
for Doosan Infracore
International. The
appointment was
made by Scott Nelson,
chief executive
officer, Doosan
Infracore International.
In his new role,
Brosick will be
responsible for
supporting the global
development of Doosan
Infracore International
product strategy,
working closely
with regional product
strategy leaders.
Brosick brings marketing
and business development
experience to his
new position, having
held marketing and
business analyst
roles with Bobcat
Europe and Ingersoll
Rand, as well as
integration leader
for marketing and
sales for the Geith
acquisition and
product manager
for DII Attachments
businesses.
Most recently, Brosick
served as industry
marketing manager
for Doosan Infracore
Portable Power in
Statesville, North
Carolina. Before
joining Ingersoll
Rand in 2005, he
was an independent
owner-operator of
a contracting business
for seven years.
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ROUND2 Inc. acquires
PolymerCycle LLC
ROUND2 Inc. has
announced the acquisition
of PolymerCycle
LLC, a national
processor and reseller
of plastics, including
ABS, PC/ABS, HIPS
and PC.
The acquisition
complements ROUND2’s
strategy to deliver
a closed-loop recycling
solution for processing
eWaste.
Effective immediately,
PolymerCycle will
operate as a wholly-owned
company from ROUND2’s
183,000 square foot
facility in the
Dallas/Fort Worth
Metroplex, the largest
electronics recycling
facility in Texas.
EPA research indicates
18 percent of the
2.25 million tons
of e-waste in the
United States was
recycled in 2007.
With an EPA estimated
140 million TVs
and computer monitors
in storage, there
is an impending
avalanche of plastic
byproduct waiting
to be recovered.
ROUND2 is positioned
to assist clients
and municipalities
properly manage
this potentially
large flow of material.
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Harsco names CEO
for Harsco Metals
group
Harsco Corporation
announced the appointment
of Galdino Claro
as the new CEO of
its global Harsco
Metals business
group, effective
June 1, 2009. Claro
will be directly
responsible for
more than 160 locations
in over 30 countries
employing approximately
11,500 people.
Claro comes to Harsco
with nearly 30 years
of executive leadership
experience in the
worldwide metals
industry, including
20 years as an international
operations executive
within Alcoa Inc.
where he led the
strategic growth
of operations in
the Asia-Pacific,
European and Latin
American regions.
He joins Harsco
from Aleris International
Inc., a Texas Pacific
Group company and
a global leader
in the aluminum
rolling and recycling
industries, where
he served as CEO
of Aleris Americas.
Prior to Aleris,
Claro was the president
and CEO of the metals
processing group
of Heico Companies
LLC, a Chicago-based
firm specializing
in acquiring underperforming
companies and growing
them into industry
leaders.
Claro will be based
in the United States,
heading up a new
global headquarters
organization for
Harsco Metals that
will oversee the
group’s regional
headquarters throughout
the world. He will
be responsible for
executing a number
of key strategies
of the Company including
emerging market
growth, as well
as customer and
market diversification.
He will report to
Geoffrey D. H. Butler,
who as Harsco’s
president and member
of the Company’s
Board of Directors
will continue his
overall responsibilities
for the Company’s
operations and strategic
business objectives.
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Enerkem awarded
permit to build
biofuels facility
Enerkem, a waste-to-biofuels
technology company,
announced that Enerkem
GreenField Alberta
Biofuels (EGAB)
has completed the
necessary environmental
regulatory process
and has been granted
a permit to commence
construction of
a commercial facility
to produce biofuels
and green chemicals
from sorted municipal
solid waste in Edmonton,
Alberta.
The permit was granted
by Alberta Environment
under the Environmental
Protection and Enhancement
Act of the Province
of Alberta.
In 2008, EGAB entered
into a 25-year agreement
with the City of
Edmonton to build
and operate a waste-to-biofuels
facility on municipal
land and to receive
the City’s sorted
municipal solid
waste as feedstock.
The City of Edmonton
will supply 100,000
tons of sorted municipal
solid waste per
year. The sorted
municipal solid
waste to be used
is the end-waste
after recycling
and composting.
These residues would
otherwise be landfilled.
Construction of
the biofuels facility
is expected to begin
by the end of 2009,
at a total cost
of approximately
CDN$70 million.
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