Report shows increase in e-recycling
The Consumer Electronics Association reported a 53 percent year-over-year growth for 2011 in the collection of gadgets – mobile phone trade-ins also increased for participants in their eCycling Leadership Initiative.
Overall, the initiative oversaw the collection and recycling of 460 million lbs. last year, compared with 300 million lbs. recycled in 2010. There are now more than 7,500 places where you can drop off electronics, up from 5,000 just 12 months ago.
This expansion is marked by Staples’ (SPLS) and Hewlett-Packard’s joint recycling program. Other major retailers, like Best Buy began their takeback program 3 years ago with the expectation that it could initially lose between $5 million and $10 million on the program. The program began turning a profit last year, proving that e-cycling can be a viable business.
Readen Holding Corp’s subsidiary Moho-Telecom began a joint venture with specialist consumer electronic product collector and processor, Zwipit, to start offering Zwipit’s recycling program to their retail network and related websites.
An estimated 2,700 collection locations for used phones in the Netherlands, Belgium and France should be in place by October 2012.