U.S. Plastic Lumber Sells Clean Earth
Boca Raton, FL - U.S. Plastic Lumber Corp. has completed the closing of the sale of Clean Earth, Inc. (CEI), its environmental services and recycling division, to CEI Holding Corporation a corporation recently formed by Eos Partners, L.P., and Bank of America Capital Investors, two private equity investment groups. USPL previously announced its agreement to sell Clean Earth, Inc. to the purchaser CEI in June.
Edward T. Sheehan, the new CEO of CEI, said, "The positive effects of this transaction for CEI will be immediate. We have retained the strong existing management team and with the improved liquidity resulting from our new commercial bank facility we should be well positioned to serve this attractive growth industry."
NAPCOR Transfers Ownership of PETE's Big Bin
Charlotte, NC - The National Association for PET Container Resources (NAPCOR) transferred ownership of PETE's Big Bin, a collection container made of 100% recycled PET plastic, to Recycled Plastics Marketing (RPM) of Redmond, Washington.
PETE's Big Bin was initially designed and distributed by NAPCOR in 1997 to meet the short-term need to develop a recycling container for individual-size PET (iPET) beverage containers, which had proliferated with the increase in volume of the bottled water and other non-carbonated beverage markets. Since that time, various recycling containers have been created and utilized for collection of iPET containers at special venues like sports arenas, school campuses, parks and special events.
Tire Retread Shipments Increase in Second Half 2002
Washington, DC - A first half of the year decline in tread rubber shipments will be offset by moderate growth in the second half of 2002. The effect will be 2002 shipments even with 2001. This positive trend will continue through 2004.
According to the Rubber Manufacturers Association's Tread Rubber Market Analysis Committee, growth in tread rubber shipments from 2002 to 2004 will average 2.5 percent per year. Shipments in 2002 will produce 16.4 million tires retreaded in the United States.
Weyerhaeuser to Close Two Plants
Federal Way, WA - Weyerhaeuser Company is permanently closing a 70-year-old paper machine at its Johnson-burg, Pennsylvania, fine paper mill.
The closure affects approximately 90 positions, 30 of which have already been eliminated through attrition.
Weyerhaeuser also closed its engineered lumber products plant in Winston, Oregon, affecting 37 positions. The plant is located about 15 miles southwest of Roseburg.
Weyerhaeuser Company also will close its Lillie, Lousiana, particleboard and Tulsa, Oklahoma, corrugated sheet manufacturing facilities to improve the company's ability to compete in both markets.
Agronix Appoints Vice President
Boston, MA - Agronix, Inc. appointed Dr. Henri Dinel as the new vice president of research and development.
Dr. Dinel was formerly a research scientist with Agriculture and Agri-Food Canada from 1974, where he led a study on the impact of bio-solids, and the development of value-added products from residual and naturally occurring organic matter.
Educated in Canada, Dr. Dinel obtained his bachelor of science in plant biology and biochemistry; his master of science in palynology, paleoecology and pedology; and his doctorate in soil science from McGill University.
Alcan Acquires More of Allouette
Montreal, Quebec, Canada - Alcan Inc. has completed the acquisition of Corus Group plc's 20 percent interest in the Aluminerie Alouette consortium bringing the Alcan's participation to 40 percent. Alouette is an aluminum smelter located in Sept-Iles, Quebec with an annual capacity of 243,000-tonnes with significant low-cost expansion potential.
LTV Sells Hazelwood Site
Pittsburgh, PA - The U.S. Bankruptcy Court in Youngstown, Ohio approved the sale of LTV's former Hazelwood Works to ALMONO, LP, a non-profit partnership of four Pittsburgh foundations and the Regional Industrial Development Corporation of Southwestern Pennsylvania (RIDC).
Casella First Quarter Results
Rutland, VT - Casella Waste Systems, Inc., a regional, non-hazardous solid waste services company reported financial results for the first quarter of its 2003 fiscal year.
For the quarter ended July 31, 2002, the company reported earnings before interest, taxes, depreciation and amortization and minority interest (EBITDA) of $23.7 million; revenue for the quarter was $115.9 million. Pro forma net income for the quarter was $2.6 million.
AK Steel and ISG Form Partnership
Middletown, Ohio - AK Steel and International Steel Group, Inc. (ISG) said they have formed a partnership whereby AK Steel acquired a 60 percent interest in a flat-rolled steel electrogalvanizing facility located in Cleveland, Ohio, formerly known as L-S Electro-Galvanizing Company. ISG owns the remaining 40 percent interest in the facility and will operate the plant, which has been renamed AK-ISG Steel Coating Company, by the partners. Terms of the transaction were not disclosed.
'Smart Thumb' Available for Backhoes
Bedford, PA - Rockland introduced the Smart Thumb TM for backhoes with extendable inner sticks. This new thumb has unique features. The first is hydraulic clamping action without the expense of a control valve, stick plumbing, or another hydraulic cylinder. The second is the quick mount feature that makes the Smart Thumb well suited for municipalities and rental fleets that need to be able to install a thumb as conditions dictate. Rockland Smart Thumb is built from weight-saving, high-strength, alloy steel.
With the installation of a 3"x5" mounting pad on the outer stick, the Smart Thumb can be removed or installed in less than two minutes.
New Hammermill Processes Autos, Appliances
The machine features a new 3-piece replaceable anvil, a fully capped spider rotor, reject door and several other features that allow for higher production rates and less maintenance costs.
These machines are powered by either a 1,500 or 2,000 HP main drive motor, and come complete with infeed and downstream systems for recycling all of the ferrous and non-ferrous materials including magnetic and eddy current separation plants. The complete shredding systems are manufactured by American Pulverizer Company / Hustler Conveyor Company.