joins MHF Logistical Solutions
MHF Logistical Solutions (MHF-LS) said that
nuclear industry veteran James Viebrock has been appointed
director of international programs.
Viebrock has more than 38 years of experience
in the nuclear industry, including frequent international
assignments and responsibility for the design, licensing,
fabrication, handling and operation of numerous storage and
transportation casks. He has been involved in shipments of
more than 4,000 spent fuel assemblies.
Prior to joining MHF-LS, Viebrock was senior
project manager at Holtec International. Viebrock also had
a 30-year career with NAC International, based in Norcross,
Georgia. He most recently was senior vice president, site
and transportation services, managing projects in Iraq, Kazakhstan,
Taiwan and North Korea.
Viebrock holds a master’s degree in
chemistry from the University of California - Santa Barbara.
issues common shares cash dividend
IPSCO Inc. announced that their Board of
Directors declared a cash dividend on its common shares of
$0.20 (Canadian) per share payable September 29, 2006 to shareholders
of record at the close of business on September 15, 2006.
IPSCO, traded as “IPS” on both
the New York Stock Exchange and Toronto Stock Exchange, operates
steel mills at three locations and pipe mills at six locations
in the United States and Canada.
joins ABB Automation Products
Michael Mikolajczak has been named a product
line manager for ABB Automation Products, Low Voltage Drives,
according to Cliff Cole, director of marketing, ABB Low Voltage
Mikolajczak is responsible for the growth,
strategic planning and lifecycle management of the ACS50,
ACS150, ACS350 and ACS550 AC drive product lines.
Most recently, Mikolajczak provided business
marketing consultancy to global companies based in the United
States and Asia. Prior to that, he held positions of in sales,
marketing and product management while working for General
Electric, Holt Electric and, most recently, Eaton-Cutler-Hammer.
Mikolajczak holds a Bachelor of Science
degree in Industrial Engineering from the University of Wisconsin,
Waste posts second quarter 2006 results
Allied Waste Industries, Inc. reported financial
results for the second quarter ended June 30, 2006.
Internal revenue growth increased 7.8% over
the prior year, driven by average price increases of 6.0%
and average volume increases of 1.8%. Operating income increased
to $253 million compared to $248 million for the second quarter
2005, despite a $23 million increase in direct fuel costs.
Operating income before depreciation and amortization increased
to $400 million compared to $389 million for the second quarter
2005. Diluted earnings per share were $0.08, including the
$0.06 per share dilutive impact of refinancing costs, compared
to $0.12 for the second quarter 2005. Cash flow from operations
was $196 million, which includes $37 million of refinancing
costs, compared to $230 million for the second quarter 2005.
Revenue for the second quarter ended June
30, 2006 increased to $1.541 billion from $1.449 billion in
the second quarter 2005.
new vice president of Alter Trading
Alter Trading Corporation has named Tim Bernstein
as vice president of operations. Previously, Bernstein was
a general manager at the D.J. Joseph River Metals Recycling
facility in Louisville, Kentucky.
Bernstein will be responsible for the Burlington,
Davenport, Peoria, and Quincy Alter Trading facilities.
Services raises quarterly dividend
The Board of Directors of Republic Services,
Inc. announced a 14 percent increase in the Company’s
regular quarterly dividend program from $0.14 per share to
$0.16 per share. The quarterly dividend will be paid on October
16, 2006 to shareholders of record on October 2, 2006.
“This is the third consecutive annual
increase of our dividend,” said James E. O’Connor,
chairman and chief executive officer of Republic Services,
acquires Concrete Formtek Services
Commercial Metals Company has acquired substantially
all of the operating assets of Concrete Formtek Services (CFS).
Established in Santa Fe Springs, California in 1991, CFS specializes
in forming and shoring rentals.
This facility will become a part of CMC
Construction Services and will operate under the name of CMC
Sarjon Kashto, the owner of CFS, will continue
to manage the business while Mark Starek will assume area
management responsibilities of the branch.
sales managers at American LaFrance
American LaFrance has appointed three new
regional managers. The new regional sales and service managers
are Jim McKee in the northeast, George Bowles in the central
region, and Walter vonDuhn in the midwest.
Jim McKee comes from Federal Signal, where
he was director of national accounts for the Leach refuse
vehicle division. Prior to that, McKee worked at Heil Environmental
Industries in a variety of positions, from national account
director to vice president of sales.
Walter vonDuhn’s background includes
management of solid waste operations as well as vocational
truck sales and refuse equipment. Most recently vonDuhn was
general manager of Rubbish Solutions in Commerce City, Colorado.
George Bowles was with Autocar, a regional
manager responsible for vocational truck sales in the refuse
Steel declares quarterly dividend
The Board of Directors of Schnitzer Steel
Industries, Inc. declared a cash dividend of $0.017 per common
share, payable on August 30, 2006, to shareholders of record
August 16, 2006. Schnitzer has paid a dividend every quarter
since going public in November 1993.
reports second quarter loss
Appliance Recycling Centers of America, Inc.
(ARCA) reported sales of $19,161,000 for the second quarter
of 2006 ending July 1.
ARCA’s net loss for this the quarter
was $461,000 or $0.11 per share, compared to earnings of $404,000
or $0.09 per diluted share in the second quarter of 2005.
“We believe rising interest rates
and high fuel prices have affected the portion of ApplianceSmart´s
business related to purchases of packages of appliances by
people building new homes or remodeling their kitchens,”
said Jack Cameron, president and CEO. Legal expenses of about
$200,000 also affected the second quarter results, he said.
City IMS opens first China office
Tube City IMS Corporation announced that
its Tube City Division has opened its first representative
office in Beijing, China.
Steven Liu will work in the office as a
liaison with customers and suppliers to Tube City in the purchase
and sale of scrap metal and other raw materials, as well as
steel mill services, and presenting these products and services
to potential new customers and suppliers. Prior to joining
the company, Liu worked as a project manager for a Beijing-based
Liu earned his bachelor’s degree in
engineering from North China Electric Power University and
a master’s degree in business administration from Tsinghua
Iron & Metal acquired by Alter Trading
Alter Trading Corporation has acquired the
assets of Becker Iron & Metal, Inc., located in Marshall,
Minnesota. The privately held firm has been a leading processor
of scrap metal in southwestern Minnesota since 1968.
“This acquisition is a perfect fit
given the professionalism and integrity for which the Becker
organization and its employees are known. The quality of their
products, commitment to suppliers and customers, and the highest
standards of business practices make them a great addition
to our organization as well.” said Robert Goldstein,
CEO and president, Alter Trading Corporation.
General Counsel leaves for partnership
Ann R. Klee, General Counsel of the United
States Environmental Protection Agency (EPA), has joined Crowell
& Moring LLP’s Natural Resources & Environmental
(NR&E) Group as partner.
During Klee’s career as principal
legal advisor to the EPA Administrator, Klee led nearly 350
lawyers and support staff in the DC headquarters and 10 regional
offices across the country.
While chief counsel at the Senate Committee
on Environment and Public Works, Klee held primary responsibility
for managing Clean Water Act, Endangered Species Act, solid
and hazardous waste management, forestry and natural resources,
and enforcement issues.
Prior to her government service, Klee served
as chair of the Environmental Group of a major law firm. She
received her J.D. from University of Pennsylvania Law School.
drops bidding war for Falconbridge
Inco Ltd., Toronto, announced that its bid
for competitor Canadian nickel miner Falconbridge Ltd. has
been dropped. According to an AP report, Inco’s departure
means that Swiss-based mining company Xstrata PLC has a greater
chance of acquiring Falconbridge. Xstrata is currently Falconbridge’s
largest shareholder with a 20 percent stake.
Falconbridge announced that its board will
meet to review the Xstrata offer and will make a formal recommendation
to its shareholders.
Management reports on sales results
Metal Management, Inc. has reported in August
the results for their first fiscal quarter ended June 30,
The company generated consolidated net sales
of $496 million in the first quarter of fiscal 2007 and net
income of $44.9 million. Earnings per share were $1.70 per
diluted common share. Earnings per share included a one-time
gain of approximately $0.61 per diluted common share related
to the sale of a joint venture interest.
During the quarter, the company processed
and sold or brokered approximately 1.2 million tons of metal,
including ferrous yard shipments of approximately 1.1 million
tons and non-ferrous shipments of approximately 127 million
A dividend of $0.075 per share was paid
to all shareholders of record.
Hack named VP of Universal Stainless
Universal Stainless & Alloy Products, Inc. announced
that Richard J. Hack has joined the Company as vice president
of Sales and Marketing.
Hack has over 25 years of steel industry experience, with
a background in manufacturing as well as sales and marketing.
Industries USA declares cash dividend
Waste Industries USA, Inc. declared a quarterly dividend
based on the Company’s second quarter performance.
The dividend of $0.10 per share is payable September 1,
2006 to shareholders of record at the close of business on
August 25, 2006.