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Green Technology Research and Development Unit
Paterson, NJ— Veridium Corporation, an environmental
services provider that uses its patented and proprietary green technologies
to recycle, reuse and mine commodities from industrial hazardous
wastes, announced the founding of its Greener Grass Green Technology
Research and Development Unit and its inaugural deal — a strategic
alliance with UTEK Corporation (UTEK), a technology transfer company
that specializes in the acquisition and development of technologies
from universities and government research laboratories.
Veridium’s Greener Grass environmental technology
initiative is a significant part of Veridium’s growth plans.
Hazardous industrial wastes contain valuable elements in concentrations
many times greater than virgin ore extracted from the earth. Green
technologies are essential to the cost-effective recycling and mining
of the many millions of tons of these materials that are currently
burned or buried nationally every year. The new alliance with UTEK
will allow Veridium to leverage the research and development activities
of universities and government research laboratories to meet its
technology development goals cost-effectively while maintaining
its focus on the revenue and earnings growth of its core business.
Kevin Kreisler, Veridium’s chairman and
chief executive officer, said, “With the recent improvement
in our profitability, we have demonstrated that our existing proprietary
green technologies are a cost-effective and environmentally superior
method of managing industrial wastes. Even so, we have only just
begun to actualize the powerful benefits of recycling and mining
industrial hazardous wastes. We believe that our recycled products
will become a significant source of valuable metallic and chemical
raw materials as we consolidate market share nationally.”
Initial Removal of Contaminated
Chicago, IL— Last week, under an EPA order,
International Paper Co. completed an initial removal of dioxin-contaminated
soil from the St. Regis Paper Co. Superfund site in Cass Lake, Minnesota.
Over a period of 10 days, 2,386 tons of soil were removed in 94
loads and sent to the Onyx FCR Landfill in Buffalo, Minnesota.
EPA is primarily concerned about dioxin contamination
from the wood treatment operation at the former St. Regis Paper
site. This initial removal addressed soil with dioxin levels of
one part per billion or greater in parts of the site primarily owned
by Cass Lake.
The excavated areas were sampled to be sure that
the most contaminated soil was completely removed. Results are expected
within four to six weeks. The excavated areas will remain covered
and fenced until the sample results are received and reviewed. If
results show additional soil needs to be excavated, more will be
removed later this summer.
International Paper, which acquired Champion International
in 2000, is responsible for cleaning up soil and ground-water contamination
on and around the site. Champion bought the St. Regis Paper Co.
St. Louis, MO— Spartech Corporation has received
the 2004 Recycling Award from the St. Louis Metropolitan Chapter
of the National Association of Environmental Management. The NAEM
Recycling Award is presented annually to the St. Louis company that
demonstrates excellence by improving the volume and diversification
of its recycling program. The NAEM award also recognizes companies
for outstanding leadership, commitment, and achievement in environmental
Spartech's recycling program has long been the
foundation for environmental improvements. The company has been
a member of the United States Environmental Protection Agency's
WasteWise program since 2001 and has been recognized annually for
its continual improvement in solid waste reduction and recycling
Suzanne Riney, director of EH&S and quality,
said: "Disposal of scrap materials, wood pallets, and cardboard
packaging wastes were dramatically reduced at 22 plants, and in
some cases, almost completely eliminated. At the same time, the
associated reduction in landfill disposal costs and raw material
costs contributed favorably to the company's conversion costs."
Metals Charged with Violating Hazardous Waste Regulations
Los Angeles, CA— Precision Specialty Metals,
previous owner of a Los Angeles-based stainless steel mill, has
been fined $49,390 by the U.S. Environmental Protection Agency for
improperly handling and storing chromium contaminated waste salts
and acid sludge.
Precision Specialty Metals has entered into a
consent agreement with the EPA for violating the Resource Conservation
and Recovery Act while improperly storing and handling hazardous
In February, 2002, EPA representatives inspected
Precision Specialty Metals, Inc. Based on that inspection,
the agency determined that Precision Specialty Metals had released
hazardous waste from a leaky container; failed to properly label
42 hazardous waste containers; failed to properly store waste containers;
and lacked proper job descriptions for employees engaged in hazardous
Subsequent to the inspection, Precision Specialty
Metals corrected these violations.
Precision Specialty Metals is currently under Chapter
7 bankruptcy; since this status does not absolve a firm from its
legal obligations, the firm will request permission from the bankruptcy
court to pay the fine.
Metal Management, Inc. Announces
New $200 Million Credit Agreement
Chicago, IL— Metal Management, Inc. announced
that it has entered into a new credit agreement with a consortium
of lenders led by LaSalle Bank, N.A. The new credit agreement represents
a credit commitment of $200 million with a maturity date of June
The $200 million credit agreement is a revolving
credit and letter of credit facility that will support the company’s
working capital requirements and is also available for general corporate
purposes. Borrowing costs are based on variable rates tied to the
prime rate plus a margin or the London Interbank Offered Rate plus
a margin. The margin is dependent on the company’s leverage
ratio as determined for the trailing four fiscal quarters, which
as currently measured results in an effective borrowing rate of
about 2.8% per annum. Proceeds from the new credit agreement will
be utilized to repay the amounts outstanding under the company’s
current $110 million revolving credit facility and a $18 million
term loan and to provide working capital. The company will record
a one-time pre-tax charge of approximately $2 million in June 2004
associated with the write-off of unamortized financing costs related
to the prior senior credit facility.
ReCellular Spreads Cell Phone
Recycling to Latin America
Dexter, MI— ReCellular Inc., a wireless equipment
reuse facilitator, and AHCIET, the Hispanic-American Association
of Research Centers and Telecommunication Companies, announced the
signing of a new five-year agreement making ReCellular the exclusive
provider of cell phone recycling and refurbishing services for AHCIET
member companies. The agreement spreads the environmental and social
benefits of cell phone recycling to millions of wireless customers
throughout South America, Central America, and the Caribbean.
In late March 2004, AHCIET announced it was joining
forces with ALACEL, the Latin American Association of the Wireless
Industry, to form a stronger and more powerful association for wireless
providers. Four months before the merger announcement, ReCellular
had signed a recycling partnership with ALACEL; this relationship
provided the impetus for the ReCellular-AHCIET agreement.
Caterpillar First with Full
Line of EPA Certified Compliant Off-road Engines
Peoria, IL— Caterpillar Inc. further solidified
its position as the emissions reduction leader on July 8, 2004,
when the Environmental Protection Agency certified a full line of
off-road engines as compliant with Tier 3 standards slated to go
into effect in January 2005 and January 2006.
The EPA certification of seven Caterpillar engine
models allows early production of cleaner Tier 3 diesel engines.
It also enables Caterpillar to provide customers with a full line
of engines featuring ACERT(R) technology in the 175-750 horsepower
range. The company will ship fully tested Tier 3 clean diesel engines
to industrial OEM customers this month. Cat machines powered by
Tier 3 compliant engines will reach the market in October 2004,
three months before the 2005 implementation date for the 300-750
horsepower range and fifteen months before the required 2006 implementation
date for the 175-300 horsepower range.
Heil Parts Central Launches
Fort Payne, AL— Parts Central, a Heil company,
has launched a new web site making it possible to order parts for
most refuse collection vehicles 24 hours a day. At www.partscentral.biz,
waste haulers can find their local Parts Central distributors, order
parts or request quotes.
Heil Certified OEM Parts and Parts, Inc. Aftermarket
Parts by Heil are available locally through a global network of
distributors. Even hard-to-find parts for older vehicles are available
for next-day delivery.
WCA Waste Acquires Texas
Houston, TX— WCA Waste Corp-oration announced
the acquisition of Texas Environmental Waste Services (TEW), a municipal
solid waste collection company located in Houston. TEW has 65 employees
and services approximately 45,000 customers through 19 collection
routes. The transaction marks the first acquisition by WCA since
successfully completing its initial public offering on June 22,
Tom J. Fatjo, Jr., chairman of WCA, stated, “The
acquisition of TEW, a premier private hauling operation, will allow
the company to further expand its presence in the Houston market,
which already consists of four construction and demolition landfills
and related hauling operations. We believe TEW provides enough volume
for WCA to eventually open its municipal solid waste landfill located
Dallas Contracting Co. Celebrates
Dallas Contracting Co., Inc., a New Jersey based
contractor, recently celebrated 25 years in business. Clientele
include large petrochemical, chemical, pharmaceutical and other
conglomerates. Typical projects have included complete demolition
of old plants and facilities, remediation of contaminated soils,
interior demolition or gut-outs of commercial buildings, concrete
and asphalt crushing, recycling, complex rigging and dismantlement
of equipment. Dallas Contracting has also built up a sizeable
equipment and truck fleet as well as an OSHA trained and efficient
work force. The company is owned John M. Sisto, Jr., president
and Donald E. Sisto, vice president.
Steel Dynamics Appoints Richard
Fort Wayne, IN— Steel Dynamics, Inc. has
appointed Richard J. Brady as manager of Ferrous Resources and Logistics.
In this new corporate position, Brady will be responsible for procurement
of steel scrap and other ferrous resources used for the manufacture
of steel in the company’s EAF mini-mills. Based at SDI’s
corporate offices in Fort Wayne, Indiana, he will work closely with
SDI’s three steel-producing divisions to meet their growing
requirements for high quality, competitively priced metallic resources.
“We are very pleased that Rich has joined
SDI’s management team in this important role,” said
Keith Busse, President and CEO of Steel Dynamics. “As Steel
Dynamics continues to grow and consume greater and greater quantities
of steel scrap, how we buy our ferrous resources becomes increasingly
important. Rich will work with our divisions and with a network
of suppliers to assure that SDI continues to obtain adequate supplies
of steel scrap, which can be purchased and delivered efficiently
and economically. Steel Dynamics has in the past coordinated its
scrap purchases on a corporate basis, and we expect this new resource-procurement
organization to strengthen this effort.”
Brady comes to Steel Dynamics with more than ten
years’ experience in purchasing of ferrous metallics, having
worked for the David L. Joseph Company in Chicago, Illinois, and
Birmingham, Alabama. His background includes commodities trading,
supply chain management, logistics and industrial sales. He is a
graduate of the University of Missouri in business and served as
an officer in the U.S. Army National Guard.
Dundee, MI— Energis LLC, supplier of co-processing
services to industry, is now accessible to customers online through
the company’s new website at www.energisllc.com,
according to Energis President Mario Romero.
The Energis website includes information on the
company’s services, locations, personnel and contacts, along
with useful data on the alternative fuels and raw materials the
“Our goal with the website is to be a value
added, easy-to-navigate resource for our customers,” said
Romero. “We think we’ve succeeded, and we welcome feedback
from visitors to the site.”
Visitors to the Energis website can obtain information
on specific materials the company uses in co-processing and in what
form those materials are accepted. The site also includes a number
of documents useful to customers, including profile sheets and credit
Located in Dundee, Michigan, Energis LLC is a
provider of waste co-processing services. The company markets and
sells co-processing services and pre-processes waste streams into
the form, consistency and uniformity required by cement kiln systems.
Sierra International Undertakes
Exclusive Distributorship for IPS
Sierra International Machinery and IPS Balers have
recently formed a partnership whereby Sierra will be the exclusive
distributor of IPS balers to the non-ferrous market. The partnership
is beneficial for both businesses and they know it will make a big
impact on the market. John Sacco, president of Sierra International
Machinery, and Sidney and Forrest Wildes, owners of IPS Balers,
are excited about the possibilities created from this partnership.
Sierra benefits from this partnership by being
able to offer a more complete line of products to the scrap processing
market, while IPS will benefit by having an established sales force
to promote and sell their machines. Sierra will not only be selling
the IPS balers, but they will be servicing the machines as well.
For information, call your Sierra representative
or (800)343-8503 to learn more about IPS non-ferrous baling applications.
Nathaniel Energy Corp. Extends
Englewood, CO— Nathaniel Energy Corporation,
a leader in renewable energy, announced it has extended its agreement
for two years with Cimarron Industrial Park Authority to develop
190-acre site, to begin construction of the planned Thermal Combustor
waste-to-energy power plant project in Keyes, Oklahoma, adjacent
to the Company’s helium and gas plant.
Nathaniel Energy expects that the project will
be its U.S. showplace and multiple fuels testing facility.
Nathaniel Energy Corporation provides industry
with an alternative energy comparable to that of fossil fuels. Its
proprietary patented technology, the Thermal Combustor, is a two-stage
gasification system designed to combust waste, biomass, tires and
any other solid, carbon-based materials into inexpensive electrical
and thermal energy, while exceeding the most stringent EPA and European
New York International Log
& Lumber Co. Announces New Name
Huntington, NY— New York International Log
& Lumber Co. announced a name change to Green Energy Resources,
Inc. This change reflects the business of the company and the nature
of the industry more closely. The company has operated with this
trade name for over two years.
Olympic Mill Services Hires
Olympic Mill Services (OMS) has named Jamie Hamilton
technical manager/aggregate sales according to Rick English, OMS
vice president of marketing.
Jamie Hamilton comes to OMS with more than six
years of industry experience and will have as his primary role slag
and refractory reuse. He will also work on technical services with
OMS customers to identify what their melt shop byproducts are and
if they can be marketed. He will then work with Tube City’s
brokerage division to either find or develop markets for those byproducts.
Dave Eamigh has been named safety director/compliance
manager of the Olympic Mill Services operation in Cayce, South Carolina.
Mr. Eamigh joined OMS in 1997 and has held numerous
positions in Cayce. OMS site manager Dean Bocks said that
with more than 40 employees at the site, and with the growing demands
of the mill, Dave Eamigh’s services in the safety area are
required full time.
Roanoke Electric Steel Elects
Roanoke, VA— T. Joe Crawford has been elected
president/chief operating officer of Roanoke Electric Steel Corporation.
T. Joe Crawford joined Roanoke Electric in 1977.
He was in sales and administration before being elected vice president
In the new position of chief operating officer,
Mr. Crawford will report to Donald G. Smith, who had been president.
Donald Smith remains chairman of the board, chief executive officer
A native of Roanoke and graduate of Virginia Tech,
Crawford holds leadership roles in the Roanoke Regional Chamber
of Commerce, Virginia Museum of Transportation, Junior Achievement
of Southwest Virginia, the Roanoke Valley Chapter of the American
Red Cross and the Virginia Tech Corporate Research Center.
Cascade Engineering Recognized
at Human Resource Conference
Grand Rapids, MI— Cascade Engineering has
always been committed to investing in employees, the environment
and innovation in manufacturing. The company was recognized recently
when Cascade Engineering was cited as one of the “Best Medium
Companies to Work for in America”.
The honor was announced before 12,000 human resource
professionals at the Society for Human Resource Management’s
(SHRM) 56th Annual Conference & Exposition in New Orleans.
Grand Rapids, Michigan-based Cascade Engineering
was selected, along with 24 other mid-sized companies and 25 small
companies, to attend the SHRM conference and participate in the
awards ceremony. Cascade ranked 8th out of 400 total nominated companies
and the top 25 attending medium-sized businesses.
RMA Offers Publication for
New Scrap Tire Businesses
Washington, DC— A free scrap tire publication
is now available to help entrepreneurs interested in the scrap tire
industry to plan business strategies, according to the Rubber Manufacturers
RMA, which represents tire manufacturers, has
just released Considerations for Starting a Scrap Tire Company,
a document that will serve as a blueprint guide to starting a company
that will help put scrap tires to new uses.
“The report will be a useful tool for those
considering entry into the scrap tire industry,” said Michael
Blumenthal, RMA senior technical director and principal author of
the guide. “One of the most important goals of developing
this document will be to establish sustainable markets for scrap
The document provides a detailed market analysis,
possible obstacles and suggestions for contacts that should be made
during the planning process. It also covers general business practices
and suggests several financial resources.
The document is available in the publications
section of the RMA website at www.rma.org.
Casella Waste Announces 2004
Rutland, VT— Casella Waste Systems, Inc.,
a regional, non-hazardous solid waste services company, reported
financial results for the fourth quarter and its 2004 fiscal year,
and gave guidance on its expected performance for its 2005 fiscal
For the quarter ended April 30, 2004, the company
reported revenues of $109.3 million. The company’s net loss
per common share from continuing operations was $0.25. Operating
income for the quarter was $4.9 million. Cash provided by operating
activities in the quarter was $23.5 million. The company’s
earnings before interest, taxes, depreciation and amortization (EBITDA),
and before an impairment charge, were $21.9 million.
The company’s three-month net income reflects
a non-cash impairment charge in the amount of $1.7 million, the
non-cash write downs of RTG and New Heights previously announced
in the amount of $7.7 million, a cash write down of $350,000 on
RTG and New Heights, and a gain on the sale of the export brokerage
business of $1.1 million.
For the fiscal year ended April 30, 2004, the
company reported revenues of $439.7 million. The fiscal year net
income per common share from continuing operations was $0.09. Operating
income for the year was $32.8 million. The company’s earnings
before interest, taxes, depreciation and amortization (EBITDA),
and before an impairment charge for the twelve-month period was
The company also announced that cash provided
by operating activities for fiscal year 2004 was $69.9 million,
and that the company had generated $15.3 million of free cash flow
for fiscal year 2004; as of April 30, 2004, the company had cash
on hand of $8.0 million, and had an outstanding total debt level
of $356.7 million.
ADP Claims Services' Autosource
Will Include Salvage, Title Checks
San Ramon, CA— ADP Claims Services Group,
a provider of integrated business solutions for the property and
casualty, collision repair and automotive recycling industries,
announced that Autosource, the world’s largest database of
“for sale” vehicle valuation information, has expanded
to include salvage check and state title information, powered by
Experian Automotive’s AutoCheck.
The expanded Autosource services will report possible
undisclosed or previously unknown vehicle history, such as salvage
and flood damage, that can affect an automobile’s value.
Autosource users can add salvage check and state
title information to vehicle valuations. The salvage check includes
information on salvage, salvage auction, salvage correction from
department of motor vehicles, water damage, rebuilt/rebuildable,
insurance loss and more. The state title information includes the
event date, event location, odometer reading, source and event detail.
AutoCheck salvage and state title information
is accessed from Experian’s National Vehicle Database.