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