December 2005

BUSINESS/ORGANIZATIONAL BRIEFS

Anheuser-Busch awards thousands in recycling grants

Stamford, CT— Anheuser-Busch Companies has committed more than $160,000 for the 2005 Keep America Beautiful (KAB) Anheuser-Busch Recycling Grants Program. As part of the program, 19 KAB affiliates nationwide will receive funding for their community-based, voluntary beverage container recycling programs.

Earlier this year, Anheuser-Busch sought grant proposals for innovative programs and partnerships designed to increase awareness of beverage container recycling and collection through voluntary efforts.

Programs receiving grants ranged from event recycling, awareness campaigns and collection systems, to school-based initiatives.

Strategic Materials sells for $136 million

Lincolnshire Management Inc. has sold Strategic Materials Inc., which recycles glass and plastic, to Willis Stein & Partners for $136 million. The transaction closed October 5, 2005.

Houston-based Strategic Materials, a leading glass processor, generates more than $128 million in annual revenue, New York-based Lincolnshire said in a statement. The company employs 990 people.

In 2002, buyout shop Lincolnshire acquired a plastic reprocessor, then known as NexCycle Inc., from Warburg Pincus. Soon after, Lincolnshire acquired Strategic Materials, which recycles glass, and combined the two companies under the name Strategic Materials, said Michael Lyons, a senior managing director at Lincolnshire.

The market for recycled glass and plastic is “supply constrained,” Lyons said. “The demand for product, high quality glass and plastic, exceeds the supply,” he said.

Gertler opens Scrap Metal Services, Inc.

Flossmoor, IL— Jeffry Gertler announced the formation of a new company, Scrap Metal Services, Inc. (SMS). The company provides scrap management and brokerage services for both ferrous and non-ferrous scrap suppliers and generators.

Prior to forming SMS, Gertler was an owner and vice president of Industrial Scrap Corporation (ISC), located in Northwest Indiana. ISC specialized in processing of ferrous and non-ferrous scrap metal which generated 500,000 tons annually.

Future expansion plans for SMS include opening yard operations and trading offices in both Chicago and Northwest Indiana.

CEO named for the CMC Steel Group

Irving, TX— Stanley A. Rabin, chairman, president and CEO of Commercial Metals Company, announced that Russell B. Rinn, currently chief operating officer of the CMC Steel Group, will be appointed president and chief executive officer of the CMC Steel Group effective January 26, 2006.

Rinn has been with the Company since 1978 and has served in a variety of operating and management positions with the company’s steel mills and rebar fabricating business segments, and as COO of the CMC Steel Group for the past two years.

Clyde P. Selig, currently president and CEO of the CMC Steel Group and a director of Commercial Metals Company, will not stand for reelection as a director when his term ends January 26, 2006, but will be appointed advisor to the chairman and continue to be active with the company.

Waste Management appoints James Schultz

Houston, TX— Waste Management, Inc. announced the appointment of James Schultz as the new senior vice president of Employee and Customer Engagement. Schultz will be a part of the Senior Leadership Team reporting to David P. Steiner, chief executive officer.

During his tenure at Waste Management, Schultz served as vice president of Health and Safety. Prior to joining Waste Management Schultz was vice president and chief safety officer at CSX Corporation where he led an organizational reinvention team.

Novamerican Steel appoints new president

Montreal— The Board of Directors and D. Bryan Jones, chairman and CEO, of Novamerican Steel Inc. announced the appointment of Scott B. Jones as president of the Corporation. Scott Jones has been a vice president, secretary and a director of the Corporation since April 1997 and has seventeen years of experience in the steel industry. Bryan Jones, formerly president of the Corporation, will remain as chairman and CEO.

Perma-Fix elects Larry McNamara to new post

Atlanta, GA— Perma-Fix Environmental Services, Inc. announced that its board of directors has elected Larry McNamara to be the Company’s chief operating officer. In this newly created position, McNamara, will have overall responsibility for the operations of the Company’s Nuclear and Industrial Segments.

A 27-year veteran in the civilian and military nuclear waste disposal industry, McNamara began his career with Perma-Fix as project manager in 1999. He was promoted to president of the Company’s Nuclear Waste Services Segment when it was formed in October 2000. Most recently he was given the additional duties of interim head of the Industrial Segment.

Schnitzer Steel acquires Regional Recycling

Portland, OR— Schnitzer Steel Industries, Inc. announced it has acquired substantially all the assets and certain liabilities of Regional Recycling, LLC (Regional), a metals recycling business with 10 locations in the Southeastern United States.

“Our acquisition of Regional provides us with a new and solid presence in the Southeast, and complements our metals recycling businesses and our recent acquisition of Greenleaf Auto Recyclers.” stated John D. Carter, Schnitzer Steel’s president and chief executive officer.

In calendar 2004, Regional reported revenues of $190.4 million and significant operating profit. Further, they sold 500,000 tons of ferrous metal and nearly 100 million pounds of non-ferrous metal.

The total consideration paid to Regional was $65.5 million in cash and the assumption of certain liabilities.

Roanoke Electric Steel declares 188th dividend

Roanoke, VA— Roanoke Electric Steel Corporation reported that its board of directors, at a regular meeting held on October 17, 2005, declared the 188th consecutive quarterly common stock cash dividend in the amount of 11 cents per share. The dividend is payable on November 25, 2005, to shareholders of record as of the close of business on November 4, 2005.

Advance Auto Parts names Coro senior VP

Roanoke, VA— Advance Auto Parts, Inc. announced that Ricardo S. Coro has been named senior vice president, Information Technology (IT) and chief information officer. Coro will report to Elwyn Murray, executive vice president, administration and will be responsible for the technology infrastructure of Advance’s store support center offices, distribution centers and more than 2,700 stores.

Prior to joining Advance Auto, Coro most recently worked for Office Depot, based in Delray Beach, Florida, where he held a variety of positions, ultimately serving as vice president of North American Information Technology.

Somerset Recycling adds new sales manager

Somerset Recycling Services Inc., a recycling company in Somerset, Kentucky, announced the addition of Bryan Adams to its management team/sales staff. Bryan is a Frankfort, Kentucky native who, after graduating with a BA in Business Management from Transylvania University, returned to Frankfort to work for Fifth-Third Bank.

Alcoa announces organization changes

New York— Alain Belda, chairman and CEO of Alcoa announced that Richard B. Kelson, chief financial officer and EVP, has chosen to retire and that Joseph C. Muscari would succeed him in that role, effective January 1, 2006. Joe Muscari will become chief financial officer after a wide-ranging 36-year career at Alcoa.

Helmut Wieser, currently group president of the North American and European Mill Products, will assume additional responsibility for the can sheet and hard alloy extrusion businesses. He will also oversee the company’s business in the Asia Pacific region, with a focus on China and the Australian rolled products business. The new group will include all of the company’s worldwide rolled products, hard alloy and rod and bar extrusion products, and its commercial foil businesses, accounting for more than $7.8 billion in 2004 revenue and 15,000 employees. Helmut will become an executive vice president of the company.

Primary Energy Recycling declares cash distribution

Oak Brook, IL— Primary Energy Recycling Corporation announced that a cash distribution of Cdn$0.0917 per enhanced income security (EIS) of the issuer will be payable on November 30, 2005 to holders of record of EISs at the close of business on October 31, 2005. The ex-dividend date for the distribution is October 28, 2005.

This issuer owns a majority interest in Primary Energy Recycling Holdings LLC (Primary Energy). Primary Energy, headquartered in Oak Brook, Illinois, indirectly owns and operates four recycled energy projects and a 50% interest in a pulverized coal facility (collectively, the Projects). The Projects have a combined electrical generating capacity of 283 megawatts and a combined steam generating capacity of 1,851 Mlbs/hour.

AF&PA’s Moore announces retirement

Washington, DC— American Forest & Paper Association (AF&PA) president and CEO W. Henson Moore, has announced he will retire in August of 2006 after serving in this capacity since February 1995.

In 1995, Moore led a comprehensive reorganization of the association following the merger of the National Forest Products Association and the American Paper Institute, making AF&PA one of the most member-focused, efficient trade associations.

Under Moore’s leadership AF&PA implemented the Sustainable Forestry Initiative® (SFI) program. There are currently over 130 million acres of forestland in North America independently certified under the SFI program, making it among the world’s largest sustainable forestry program.

Also during Moore’s tenure, AF&PA developed the first strategic plan to focus efforts and resources on priorities to improve the global competitiveness of the forest products industry. In addition, Moore also implemented an innovative Value Based Dues system, ensuring member companies only paid for those issues that affected their bottom line.


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