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August 2007

BUSINESS/ORGANIZATIONAL BRIEFS

Clean Energy hires new VP, business development

Clean Energy has appointed refuse sector veteran Raymond Burke to the newly-created post of vice president, business development, with a focus on developing new strategic growth opportunities for Clean Energy in the solid waste industry. His efforts will stress outreach efforts aimed at educating waste industry leaders on the benefits of using clean-burning natural gas fuel (CNG and LNG) for their trash collection fleets.

Burke has 30 years of waste industry experience, including 25 years of increasingly responsible management posts with Waste Management. Most recently, he served as Waste Management’s Southern California area vice president, responsible for the financial performance of operational assets valued at $800 million. Burke began his career at a 50-route disposal company in Anaheim, California, where he held varied operational posts leading up to general manager.

Rolled Alloys provides AL 2003 steel products

Rolled Alloys, located in Temperance, Michigan announced that AL 2003™ lean duplex stainless steel plate and sheet products are now available.

AL 2003 is a duplex stainless steel that is nominally 20% chromium, 3% nickel, and 1.7% molybdenum. AL 2003 features high strength and excellent stress corrosion cracking resistance, along with general and pitting corrosion resistance superior to 316L stainless.

With its low nickel and molybdenum contents, AL 2003 provides an economical way to upgrade performance over 316L. AL 2003 is approved for constructing ASME pressure vessels up to 650F.

RBRC executive vice president steps down

The Rechargeable Recycling Corporation (RBRC) announced that its executive vice president, Ralph Millard, has relinquished his responsibilities after ten years to pursue other opportunities. He had been serving in this position since June of 1997.

Millard has worked in the battery industry for the last twenty years. At RBRC, Millard spearheaded marketing programs to support the efforts of the organization including the expansion of the RBRC battery collection program in 2001, which went from collecting only Ni-Cd batteries to accepting all types of portable rechargeable batteries. He also served an instrumental role in marketing efforts for RBRC’s implementation of cell phone recycling into their Call2Recycle™ program in 2004.

Precision AirConvey expands headquarters

Precision AirConvey (PAC), Newark, Delaware, celebrated the expansion of its company headquarters, more than doubling its space to 200,000 square feet.

The facility features a new product research and development center and testing laboratory with full-size, fully operating trim handling systems, plastics auxiliary equipment and static control systems, as well as ample warehouse space with advanced inventory controls for timely parts and service management.

The expansion includes offices for sales engineers, IT support and quality control management. PAC has increased its revenues to more than $11 million annually, a 200% increase since its founding in 1999, sparked by new product and equipment introductions that tap demand for waste handling and recycling systems that cut energy, labor and material costs.

Newpark Resources announces new chairman

Newpark Resources, Inc. announced that Jerry W. Box has been elected as non-executive chairman of the Board of Directors.

Box, who has been a member of Newpark’s Board of Directors since 2003, has over 30 years of experience in the oil and gas exploration industry, having retired as president, chief operating officer and director of Oryx Energy in 1999.

Additionally, Newpark announced that all items voted upon at the 2007 Annual Meeting of Stockholders were approved, including the election of all director nominees, namely Jerry W. Box, Gary L. Warren, F. Walker Tucei, Jr., David C. Anderson, James W. McFarland, Paul L. Howes and G. Stephen Finley, along with the approval of an amendment and restatement of the 2004 Non-employees Directors’ Stock Option Plan and the ratification of the appointment of Ernst & Young LLP as independent auditors for 2007.

Acquisition of IPSCO Inc. by SSAB finalized

IPSCO Inc. announced that SSAB Canada Inc., a subsidiary of SSAB Svenskt Stal AB, completed its acquisition of all of the outstanding shares of IPSCO for US$160 per share. In connection with the completion of the acquisition, IPSCO’s shares will be delisted from the New York Stock Exchange and the Toronto Stock Exchange.

SSAB is a Swedish based, publicly traded corporation with a European position in Quenched & Tempered heavy plate and EHS/UHS steel sheet. The Group has sales revenues of almost US$4.6 billion. SSAB has 8,800 employees and has operations or offices in over 40 countries.

Industry veterans join Smurfit-Stone

Smurfit-Stone Container Corporation has hired industry veterans Anthony DiIenno and Suzanne Whitney to posts in the company’s reclamation division.

DiIenno will serve as director of high-grade procurement and will work out of the company’s Philadelphia, Pennsylvania office.

Whitney will serve as director of national accounts, working out of Smurfit-Stone’s Torrance, California office. Both will report to Robert Curran, vice president of National Accounts.

DiIenno is a 21-year veteran of the recycling industry and has extensive waste paper experience. He previously served as president and chief executive officer of Euro Fibers, Inc.

Whitney has more than 19 years of recycling and solid waste experience, including 14 years with Weyerhaeuser Company, where she worked in brokerage, mill sales and national accounts.

PSC Metals acquires Missouri scrap processor

Scrap processor PSC Metals announced that its has acquired the assets of Midwest Sales, a regional ferrous and non-ferrous processor in Cuba, Missouri.

Privately-held Midwest Sales operates a single six-acre site, which will in future act as a feeder yard in support of PSC’s shredding operations in St. Louis, about 90 miles away. Terms of the transaction were not disclosed.

The acquisition is the second this year to date for Ohio-based PSC. In January, the company purchased the assets of Akron Recycling, another Ohio processor, from Ravenna Salvage. Akron Recycling’s two locations now act as feeder yards for PSC’s recently commissioned scrap facility at Canton, Ohio, where a super-shredder was installed last year.

Nucor Corporation to acquire Magnatrax

Nucor Corporation has entered into a Merger Agreement to acquire Magnatrax Corporation (Magnatrax) for a cash purchase price of approximately $280 million. Finalization of the acquisition will occur after satisfactory resolution of regulatory approvals, discharge by Magnatrax of outstanding indebtedness and other closing conditions. The transaction is expected to close during the third quarter of 2007 and is expected to be immediately accretive to earnings.

Magnatrax is a provider of custom-engineered metal building systems for the non-residential construction market.

Metal Management acquires Mars Industries

Metal Management, Inc. announced that it has acquired substantially all of the assets of Mars Industries, Inc. (Mars). Financial terms of the transaction were not disclosed.

Mars, a privately-held company founded in 1987, is a full service metals processor and supplier serving greater Detroit, Michigan. Mars currently handles approximately 360,000 tons of ferrous scrap metals per year. It is anticipated that the acquisition will be immediately accretive to the earnings of Metal Management.

Shred-Tech Regional Service Center Opening

Shred-Tech Corp., manufacturer of mobile and plant-based document destruction and recycling systems, announced the opening of their Southeast regional service center.

Centrally located in Apex, North Carolina, Shred-Tech’s new facility provides full service, parts, maintenance and repairs and is intended to demonstrate their commitment to after-sales service.

Headed by division manager Tim Fields, the facility is staffed with factory-trained technicians and equipped with fully-outfitted service vans and a full complement of OEM parts. The Apex facility will also serve as headquarters for Shred-Tech’s mobile document destruction system sales group.

The opening of Shred-Tech’s service center is to be held at the Apex facility in August 2007.

Hirschmann holds ground breaking ceremony

Hirschmann Automation and Control, Inc. recently held a ground breaking ceremony at the future site of their headquarters for the Americas in Chambersburg, Pennsylvania.

The 35,000 square foot building will feature expanded office and warehouse space along with a state-of-the art training and conference center. The facility will house Hirschmann’s three divisions ECS (information and control systems), INET (industrial networking), and ICON (industrial connectors).

The new building will feature several environmentally friendly design elements such as the use of no/low VOC products, materials from recycled products, energy efficient lighting, and native landscaping. Construction of the new facility started on March 19 with a planned move in date of October 1.

Policy expert to head AF&PA’s Beijing office

The American Forest & Paper Association (AF&PA) announced that Tate Miller is their new country director for Trade Policy in Beijing, China.

Miller will be responsible for overseeing all of AF&PA’s policy issues and acting as the primary liaison between Chinese government officials and forest product industry groups.

An expert in United States-China relations, Miller most recently served as assistant dean and senior lecturer at the Monterey Institute of International Studies in California. While at the Institute, he specialized in studies covering trade negotiations, WTO Dispute Settlement, and policy analysis and research. He also was responsible for training visiting Chinese government officials regarding United States and WTO trade issues.

Previously, Miller lived in China where he served as president of American Western Homes, Inc.

Curt Wagner joins Hendrickson organization

Curt Wagner assumed duties as director of marketing for Hendrickson Auxiliary Axle Systems.

Included in Wagner’s responsibilities for the marketing function are direction for research and analysis of market trends, product analysis, industry trends and customer dialogue.

Wagner transitioned into his new role from the post of account manager representing all Hendrickson divisions to Volvo Trucks and Mack Trucks Inc. – a position he held since 1999.

Prior to Hendrickson, Wagner worked for Westinghouse Electric in a series of engineering and operations roles.

Sanitec Industries files Chapter 11 bankruptcy

Sanitec Industries, Inc. announced its medical waste treatment services will continue without disruption while it defends itself against what it believes to be frivolous litigation by a Texas firm.

As an element of that defense, the Sun Valley, California-based company filed for voluntary Chapter 11 protection pending the outcome of this litigation.

According to Sanitec Industries’ president, Jim Harkess, “The filing is in the best interest of our customers, creditors and shareholders by allowing us to focus on our business and avoiding the continued distraction of protracted litigation.”

DJJ announces new executive vice president

The David J. Joseph Company (DJJ) announced the promotion of Craig A. Feldman to executive vice president and officer of DJJ. In this new role, Feldman’s responsibilities will include U-Pull-&-Pay and some areas within DJJ’s processing business.

Feldman is a 21-year DJJ veteran. He began his career as a brokerage rep, and then served as district manager of DJJ’s Salt Lake City brokerage office. He moved into the commercial vice president role at Western Metals Recycling (WMR) then served as WMR president.

Safety Vision announces new controller

Safety Vision announced that Mark Kerr has joined the company as controller. Kerr has had many challenging financial roles over the past 26 years, bringing a wealth of financial experience and acumen to his new role at Safety Vision.

In this position, Kerr will oversee the accounting department and is responsible for the financial accounting and administrative functions.

Atlas Copco names new marketing vice president

Atlas Copco Construction Tools LLC has appointed Rich Aaronson as its new vice president of marketing and communications. Aaronson will oversee and direct all advertising, public relations and marketing efforts for Atlas Copco’s Construction Tools division in the United States.

Prior to joining Atlas Copco, Aaronson spent two years as director of marketing for fasteners at Danaher Corporation. Aaronson’s previous industry experience also includes five years in the Netherlands with Skil Power Tools, where he served as director of marketing for the company’s European division.

Sierra International drops bid to acquire IPS Balers

Sierra International Machinery, LLC announced in July that it terminated its intent to invest in an equity position with IPS Balers, Inc. of Baxley, Georgia.

The companies also agreed to terminate the agent distributor relation as well.