Waste & Recycling Newsletter
May 14, 2009

This Week´s Featured News Stories
Sims Metal Management report a US$94million loss
Sims Metal Management has reported a total net loss after taxes of $94million over the last nine months. As Sims MM’s financial results revealed last week, its European sales revenue was down two per cent on the prior corresponding nine month period. Earnings before interest and tax were at a loss of $40m over the nine month period ending on 31 March 2009. Sims MM group chief executive Daniel Dienst said: “Like all of our operations in the world, the UK metals division has been challenged by margin compression, diminished scrap flows, and weak consumer demand. “We believe that with our recent ...
Duracell: Battery regulations will face teething problems
The battery regulations will face teething problems in the first six months of compliance but will become more defined in the second and third compliance periods, according to battery manufacturer Duracell. Speaking to MRW Duracell environmental external relations manager Khush Marolia said: “There will be teething difficulties to start off with but once you get things up and running after the first compliance period the less uncertainty you will get.”  He said that the regulation is “new and is something that the UK has never done before” so there were “bound to be teething problems” ...
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