The company's North American wheel loaders and excavator product lines are now part of Hyundai Heavy Industries.

According to a press release from the Suwanee, Georgia office of Doosan Infracore, Doosan Infracore officially sold and completed the transaction to Hyundai Heavy Industries Holdings Co., Ltd. (HHIH) on August 19.

Doosan Infracore stated that Doosan Infracore, together with Hyundai Construction Equipment (HCE), will become a subsidiary of the newly established Hyundai Genuine (HG) Group and become "two independent construction equipment companies under HHIH."

HG will act as an intermediary company for the construction equipment business of the HHIH Group, aiming to enable the two business units to "join together to become the world's top player, bringing us closer to achieving the goal of becoming the world's top five players."

Hyundai stated that the plan is to manage overlapping investments and make substantial investments in future technologies and innovations. The company added: “Doosan Infracore will strive to commercialize Concept-X and develop cutting-edge products such as electric excavators, battery packs, hybrid fuel cells and other next-generation products.”

Doosan Infrastructure said, “The two companies will grow together independently, complement each other, and even compete sincerely in all areas including technology, production, procurement, sales, and quality. This will enable our business to expand and compete with HHI as a whole. Connect with other companies operated by the group."

Doosan Infracore North America LLC sells Doosan brand products through more than 160 equipment dealers in North America, including crawler excavators, wheel excavators, mini excavators, wheel loaders, articulated dump trucks, material handlers, Log loaders and accessories.

Hyundai Construction Equipment has a North American office in Norcross, Georgia, produces some of the same products, and has a forklift production line.

Participating in the Meets Preferred Guidance Review Program encourages companies that manufacture packaging and their components to obtain independent evaluations.

The Association of Plastic Recyclers (APR) in Washington has launched a new program to recognize companies that develop packaging that meets the Association's defined "APR Preferred" category as outlined in the APR Plastic Recyclability Design Guidelines.

Participating in the MPG review program encourages companies that manufacture packaging materials and components and finished packaging to obtain an independent assessment by APR to determine whether their products meet the preferred guidelines standards.  

“Poor packaging design can lead to pollution in the recycling stream, which affects not only the recyclers but also the companies that make the packaging,” said Sandeep Kulkarni, APR technical consultant who manages the APR identification program. "It reduces the quality of post-consumer recycled resin (PCR) that brands ultimately need to achieve their corporate sustainability goals."

APR stated that its MPG review program is an engineering evaluation of the technical compatibility of packaging design features or complete packaging with today's plastic recycling processes. The association pointed out that packaging design has negligible or no impact on the quality of recycled plastics, and negligible or no impact on the productivity of the recycling process, and a circular economy can be realized.

Using plastic packaging that meets the design principles outlined in the APR Plastic Recyclability Design Guidelines helps ensure that brands that promise to use PCR can obtain high-quality recycled plastic on the market.

"APR supports brands and manufacturers across the country and around the world to ensure that products and packaging are recyclable," said APR President and CEO Steve Alexander. "APR Plastic Recyclability Design Guidelines, coupled with APR training programs, testing protocols, and product recognition opportunities, such as meeting the preferred guidance review program, convince companies that the items they manufacture can be effectively recycled."

APR will host a free webinar on September 14 at 2 pm Eastern Time, detailing the MPG review program and similar programs it offers. Those who are interested can register here.

The company has promoted Paige Davis to consultant and hired Mary George as project manager.

Gershman, Brickner & Bratton Inc. (GBB), a solid waste management consulting company based in McLean, Virginia, has announced the promotion of Paige Davis to GBB Consultant II. The company also announced the hiring of Mary George as a GBB project engineer.

According to a GBB press release, Davis joined the company in 2018 after obtaining a Master of Science in Sustainability Management from the Kogod School of Business at American University in Washington. 

She is a member of multiple GBB project teams, providing research, analysis and support for various tasks. These include environmental and sustainability studies, waste audits, feasibility studies, best practice reviews, and strategic solid waste management planning. 

"In a short period of time, with her educational background, multiple internship experience and positive attitude, Paige seamlessly integrated herself into a valuable and popular GBB team member," GBB Vice President and Ke Ke Sustainability Officer Jennifer Porter said. "This is a well-deserved promotion and reflects her ability to take on more and more responsibilities." 

"The consulting field is a logical step for me to follow the educational path. I am very happy to make more contributions to GBB projects, which have a direct impact on the community, while learning from industry mentors and advancing my career," David Said. 

Davis is located in the Hampton Roads area of ​​southeastern Virginia and can be reached at pdavis@gbbinc.com or (703)-663-2432. 

As part of the transaction, the company will be renamed Metals Recovery Holdings LLC.

Pittsburgh-based American Zinc Recycling LLC (AZR) announced that Luxembourg-based Befesa SA has purchased all shares of American Zinc Recycling Corp. and acquired a minority stake in American Zinc Products LLC (AZP). American Zinc Recycling operates four manufacturing plants in the United States that can recover dust from electric arc furnace (EAF) steel plants. Befesa is also a recycler of dust from the EAF steel plant.

AZR reports that it will continue to own a majority stake in American Zinc Products, while Glencore SA’s US subsidiary will continue to own the remaining stake. As part of this acquisition, Befesa has the option to acquire the remaining equity in American Zinc Products after completing two phases of operational and financial performance milestones before December 31, 2023. According to AZR, the company has a corresponding put option on Befesa and will continue to own all of its subsidiary, The International Metals Reclamation Co. LLC (Inmetco).

As part of the transaction, AZR LLC will be renamed Metals Recovery Holdings LLC.

AZR said that after the completion of the transaction, several of its executives have resigned from their leadership positions, including Joel Hawthorne, President and CEO of AZR LLC and its subsidiaries; Stephen Bishop, Executive Vice President and Chief Financial Officer Officer; and Chief Commercial Officer Bill Bridlov.

"We thank Joel, Steve, and Bill for their leadership in making this transaction successfully completed, and their contributions to the many improvements made by all of our operating companies, which made this transaction possible," said Wayne Ai, Chairman of AZR Sack (Wayne Isaacs).

Hawthorne added: “During this transition period and the successful completion of this transaction, it is an honor and honor to lead and work with AZR LLC’s team. Befesa is a strong company with a similar operating strategy and will become a This transaction is an excellent butler who entered the U.S. market. As the company enters the next stage in the company’s history, the company is ready to achieve greater success."

Former AZR LLC Executive Vice President and Chief Operating Officer Michael Griffin will become President and Chief Executive Officer of AZR LLC. Former vice president of finance Andrew Repine will become AZR's chief financial officer.

"The entire team of AZR LLC brought us to the key point of the company's success," Griffin said. "Under Befesa's leadership, the EAF recycling facility will continue to maintain strong performance, while AZP and Inmetco are focused on achieving the milestones and strategic plans before us. At AZP, we have an experienced team dedicated to making the AZP refinery To achieve full capacity production, we provide many of our customers with 100% recycled special high-grade (SHG) and continuous galvanized grade (CGG) zinc. Inmetco will continue to provide EAF recycling services to its long-term customers, and at the same time by enhancing its post-consumption Battery recycling capacity to increase the recycling of nickel and other precious metals."

The company's profit in the 2021 fiscal year (from July 1 to June 30, 2020) increased by triple digits.

The latest earnings report from Australia-based Sims Ltd. describes a better situation in the economy and scrap market conditions in 2021. The company operates scrap yards, information technology asset disposal (ITAD) facilities and other recycling operations in the northern part of the country. United States and United Kingdom.

The first six months of 2021 ended the company's fiscal year, and the most severe COVID-19 impact occurred in the first half of 2020 (and the previous fiscal year), so the rebound is obvious.

In the 2021 fiscal year, Sims' sales revenue increased by 20.5% compared to the previous fiscal year, and its earnings before interest, taxes, depreciation and amortization (EBITDA) soared by more than 300%.

In the first six months of this calendar year, Sims' EBITDA increased by 1,320% compared to the first six months of 2020, when the global economy was severely affected by the restrictions of COVID-19.

Alistair, CEO and Managing Director of Sims Group, said: “We have reported a series of strong operating and financial performance for the year ended June 30, 2021, including the acquisition of self-operated products driven by the sharp increase in market prices. Incoming volume and sales growth, as well as a year-on-year increase in profit margins.

Field added: "I am satisfied with the strong and sustained recovery in the second half of the year and the substantial progress made in advancing our growth strategy in fiscal 2021. Together with the positive mid- to long-term industry drivers, our good performance has replaced it. It’s fiscal year 2022 and beyond."

Sims said its North American metals business unit’s earnings before interest and taxes (EBIT) totaled 137 million Australian dollars ($99.1 million) in fiscal 2021. This compares to a loss of A$39 million (US$28.2 million) in the previous fiscal year. The company said: "This increase is due to cost reduction initiatives during this period, increased profit margins for ferrous and non-ferrous metals, and the contribution of the acquisition of Alumisource."

Compared with 2020, its metal recycling business in the UK, Australia and New Zealand will also have healthier profits in the 2021 fiscal year.

The company's ITAD business unit Sims Lifecycle Services (SLS) had an EBIT of 21.8 million Australian dollars (15.8 million US dollars) in the 2021 fiscal year, compared with only 2.9 million Australian dollars (2.1 million US dollars) in the previous fiscal year. "Compared to fiscal year 2020, the improved EBIT growth trajectory in fiscal year 2021 is due to continued strong interest in the business's expertise and complete service offerings, as well as lower controllable costs than in fiscal year 2020," Sims said of its SLS Said when the performance.