Blankenship, 51, brings 20 years of aerospace experience to Arconic, having worked across GE’s aviation businesses, including aero engines, industrial gas turbines and aerospace alloy development. He previously led GE Aviation’s Commercial Engines Operation, the world’s leading producer of large and small jet engines for commercial aircraft.
A metallurgist by training, Blankenship began his career with GE in 1992 after earning a Bachelor of Science in materials engineering from Virginia Tech and a doctorate in materials science and engineering from the University of Virginia. Blankenship’s GE career culminated in his appointment as president and chief executive officer of GE Appliances in December 2011, where he led a significant turnaround of the business and its subsequent 2016 sale to Haier Co., Arconic says.
Blankenship is a member of the National Academy of Engineering and serves on the board of the National Association of Manufacturing (NAM), where he has also led NAM’s Task Force on Competitiveness & the Workforce. He holds seven patents related to jet engine technology.
Blankenship says, “Arconic is a company with significant strengths and tremendous potential. I am eager to engage with customers, employees and the board to develop plans that capitalize on our strengths and deliver outstanding returns for our shareholders. I am excited to join the team and get started."
Patricia F. Russo, interim chair of the Arconic board, says, “After a thoughtful and deliberate search, the board is unanimous that Chip Blankenship is the right leader to take the helm at Arconic. Chip is an exceptional executive with deep operating experience in aerospace and materials science. He has a strong customer orientation and impressive leadership skills. We are confident that Chip will lead Arconic to create sustainable and increasing value for customers and for shareholders.”
David Hess, who has served as Arconic’s interim CEO since April 2017, will remain CEO until the start of Blankenship’s tenure and will continue to serve on the board after the transition. He says, “I have known Chip Blankenship for many years as a colleague and competitor in the aerospace industry, and I can personally attest that he is an excellent fit for Arconic. I couldn’t be happier with the board’s selection. I’m looking forward to working with him to ensure a seamless transition and continuing my service as a director to help realize the vast potential of Arconic.”
Acknowledging Hess’s service as interim CEO, Russo says, “The board extends its sincere appreciation to David Hess for leading Arconic during its transition to a permanent CEO. We look forward to David’s continued service as a director.”
John Plant, an Arconic director since 2016, has been appointed chair of the board effective immediately. He succeeds Pat Russo, who stepped into the role on an interim basis in April 2017; she will continue her service on the board and chair the Governance Committee.
Plant, 64, has had a distinguished career in the automotive industry spanning nearly 40 years, Arconic says. He previously served as chairman of the board, president and chief executive officer of TRW Automotive, which was acquired by ZF Friedrichshafen AG in May 2015.
Plant says, “As Arconic approaches its first anniversary as a standalone public company it has much to look forward to; together with the entire board, I look forward to working with Chip to drive Arconic’s success into the future.”
NERC says the goal of the project is to assist rural communities to improve solid waste planning and management, leading to reductions in solid waste generation and water pollution. Stakeholders in the Maryland counties of Allegany and Cecil will be engaged to implement best management practices for food waste reduction, organics and manure management. Through webinars and outreach, the project will benefit other regions of Maryland, as well as the Northeast and the country, according to the organization.
The project will engage citizens, students, business and nonprofit representatives, town staff and transfer station employees, civic leaders and others in education, training and outreach. The technical assistance and trainings offered by the project will incorporate a number of innovative techniques, such as citizen scientist recruitment and training. NERC says the project will further support rural economies by identifying ways to reduce and manage food waste cost-effectively within the community. Exploring opportunities for stimulating local economies, through the use and marketing of compost products, also will be addressed.
NERC says it will work with the participant counties, the Maryland Department of the Environment and other project partners, to:
- develop best management practices and resources for planning, implementing and promoting food waste reduction, organics and/or manure management;
- provide project-centered regional training sessions for a wide range of stakeholders;
- deliver on-site technical assistance to participant communities with the goal of implementing sustainable projects in at least five of the communities. The projects will implement and/or expand food waste reduction and recovery programs, organics reduction and composting, and/or manure best management practices; and
- deliver two project-related national webinars, including Maryland-based case studies and models for success.
NERC is a multistate nonprofit organization that that conducts research, projects, training and outreach on issues associated with source reduction, reuse, recycling, composting and environmentally preferable purchasing (EPP).
As the event’s name indicates, the Paper & Plastics Recycling Conference covered different aspects of the recovered fiber sector in sessions titled: The Future of Mixed Paper, The Changing Paper Industry and Indexes and Trading Platforms.
Speakers discussed the steps the Institute of Scrap Recycling Industries (ISRI), Washington, has taken to address China’s scrap import ban on mixed paper as well as moves material recovery facility (MRF) operators have made, from slowing down lines to adding sorters, to address quality issues. Cleaning up quality is a must, everyone noted.
In the Indexes and Trading Platforms session, Greg Rudder, editor of PPI Pulp & Paper Week (P&PW) for the Boston-based research firm RISI, explained the firm’s methodology behind its pricing. RISI’s assessment of the open market price for purchase by mills derives from prices based on negotiations. P&PW reports 160 prices each month, including 117 domestic mill prices, 37 export prices to China/Asia and six export prices to Mexico.
Rudder also shared the history of mixed paper shipped from the U.S. to China. Citing information from the Washington-based American Forest & Paper Association (AF&PA), Rudder said regarding short tons of mixed paper shipped to China, 2016 panned out to be the lowest total since 2002. In 2016, the U.S. sold 2.37 million short tons of mixed paper to China, a drop from the 3.07 million short tons in 2015 and a fall from the height of 2.94 million short tons shipped in 2009. (The total in 2002 amounted to 1.86 million short tons.)
In April 2017, mills in China reported that imported mixed paper contained 20 percent contaminants, on average, Rudder said.
Linda Leone, regional vice president of recycling for the Northeast U.S. and eastern Canada at WestRock Co., Norcross, Georgia, acknowledged that change needs to happen. Leone served as moderator in the Paper Stock Industries (PSI) Chapter of ISRI session, The Future of Mixed Paper. Speakers in that session included Johnny Newsome, director, global mill supply and trade sales, at Sonoco Recycling; Bob Cappadona, vice president of Casella Recycling; Pieter Eenkema van Dijk, CEO of Van Dyk Recycling Solutions, Stamford, Connecticut; and RISI’s Rudder.
Leone said, “While the future of mixed paper is unclear as it relates to China, we know it needs to evolve.”
Casella’s Cappadona said contaminants in incoming loads at MRFs are a safety and time issue. He said more needs to be done to ensure cleaner incoming streams of recyclables.
“I don’t think there’s any doubt from an operator’s perspective that we’re going to have to get better,” Cappadona said. He referenced The Tortoise and The Hare fable when he said, “The turtle wins the race; it’s OK to slow down [the line].”
He addressed China’s 0.3 percent limit on contaminants, saying he does not think it is achievable. (The current limit has been 1.5 percent.) Aug. 24, China’s Ministry of Environmental Protection (MEP) released newly drafted limits on prohibitive materials in scrap shipments. The MEP draft proposes tightening the thresholds for “carried waste” (contaminants and prohibitives) to 0.3 percent for all scrap materials.
“It’s just not going to happen,” Cappadona said of the 0.3 percent limit. “Additional labor will help but I don’t believe it will be the solution.”
Cappadona suggested screening or optical equipment will be the answer to cleaning up quality at MRFs. But it will come at a cost. “It could cost the industry millions of dollars related to retrofits,” he said. “0.3 percent is not attainable.”
From an equipment perspective, Van Dyk Recycling Solutions President van Dijk said it is possible to make cleaner mixed paper with better equipment.
“It’s not easy to be in mixed paper when it has one value on Monday” and is a totally different value on Friday, van Dijk said.
“How can you clean up your mixed paper? Put optical quality controls on mixed paper lines,” van Dijk suggested. He predicted optical sorters will be the future for single-stream MRFs seeking better quality on the backend.
Sonoco’s Newsome offered some light in the darkness of mixed paper’s outlook. He said MRFs will improve their sorting capabilities, and mixed paper is not going away as it “will always be part of the residential program.” He projected new global capacity for this grade will grow 2.2. percent.
In addition, as China tightens its restrictions, Newsome said mixed will be exported to other countries where capacity is increasing.
Rudder said Vietnam and India are interested. Rudder noted that one-third of the mixed paper shipped out of the U.S. goes to countries besides China.
Newsome said, “Demand for recovered paper will grow at a higher rate than collection.”
He added, “The mixed paper situation is a short-term issue with a long-term solution.”
Beyond exports, Newsome said domestic mills also will run mixed at slower speeds. However, the industry should not have to absorb the costs, he said.
“I see the mills would pay more for products to cover line speeds and new investments,” Newsome said.
RISI’s Rudder said three of the largest containerboard facilities in the U.S. are considering using more mixed paper in their recipes.
In the Indexes and Trading Platforms session, the other presenters discussed an online trading platform designed to help buyers and sellers in the secondary fiber sector interact in a potentially more efficient way.
Bill Hanley and Jason Rumsey, both with California-based merQbiz, an e-commerce platform for recovered paper, shared how the online trading tool offers a network of buyers and sellers with direct communication, integrated logistics and invoice management.
No matter the tools paper stock dealers use to get the job done, nearly everyone in the industry is playing the wait-and-see game with China and anticipating how its actions will affect a worldwide industry.
The 2017 Paper & Plastics Recycling Conference was Oct. 11-13 in Chicago at the Chicago Marriott Downtown Magnificent Mile.]]>
Combilift, based in Monaghan, Ireland, has grown to become the global leader in the long-handling market, MH Equipment says, and is operated by experienced and well-known industry leaders from within the specialty forklift industry. Combilift represents the world's first internal combustion engine powered all-wheel-drive multidirectional forklift. It is a combination of forklift and side-loader and is highly maneuverable, safe, cost-effective and efficient, MH Equipment says.
“As a globally recognized company with localized service and support through our key dealer network, Combilift is ideally placed to work alongside MH Equipment in providing a high-quality service to customers. We are delighted to work with MH Equipment,” says Paul Short, North American sales president for Combilift.
“MH Equipment and Combilift Inc. are pleased to announce MH is now a stocking dealer representing Combilift products across MH’s geographic footprint,” Metzger says. “The products from Combilift are recognized for their application innovation as well as for productivity, durability and quality, which well supports MH’s commitment to provide its customers innovative solutions and unparalleled value while striving to be a good steward of resources.”]]>
Designed for lower-volume industrial and smaller product destruction applications, the PC-3001, PC-4001 and PC-6001 can be operated in either precrusher or compactor-only mode. Up to eight precrush cycles can be programmed to allow maximum breakdown of materials that are difficult to compact, SP says. The compactor-only mode is used when reduced cycle time and/or increased throughput of refuse into the compaction container is desired.
For all sizes in the new series, the seamlessly integrated unit design provides maximum strength and integrity, according to the manufacturer. Most notably, the precrusher gate is not an “add-on” to a standard compactor. All units are constructed of AISI (American Iron and Steel Institute) grade steel and structural steel reinforcements. All units meet or exceed current ANSI Z245.2 safety standards for compaction equipment, SP says.
The series is offered with 3-, 4- or 6-cubic-yard capacities. In compaction-only mode, the hourly volume capacity ranges from 179 to 212 cubic yards. In precrushing mode, volume ranges from 135 to 179 cubic yards. The clear top opening is approximately 48 inches by 57 inches on the smallest unit up to 88 inches by 57 inches on the largest model, the company says. All size units provide 69,300-pound normal and 88,000-pound maximum packing force. The remote hydraulic power unit included with each unit comes with a 100-gallon oil reservoir and a 30-gallons-per-minute pump powered by a 25-horsepwer 230/460 3 phase motor.
SP Industries says these systems can be tailored to the specific environmental and installation requirements of the application, including appropriate loading platforms and ramps, hoppers, gates, chutes and access panels. Accompanying waste material containers also can be fabricated to accommodate the desired means of transport, weight of compacted materials and any other customer requirements.]]>
Bauxite, alumina and aluminum products company Alcoa Corp., headquartered in Pittsburgh, has reported a sequential increase in third quarter 2017 revenue and earnings, which the company attributes to improved pricing in the aluminum business segment and higher shipments of aluminum and bauxite. Alcoa says its cash balance as of Sept. 30, 2017, reached $1.1 billion.
Based on stronger alumina and aluminum prices, Alcoa has increased its projection for full-year adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) to approximately $2.4 billion. This adjusted EBITDA forecast, up from the second quarter projected range of $2.1 billion to $2.2 billion, includes higher input costs to be reflected in net performance reported with fourth quarter 2017 results, the company says.
“Alcoa continues to benefit from favorable commodity markets, and we’ve raised our projections for profitability in 2017 and global aluminum demand growth for the balance of the year,” says Roy Harvey, president and chief executive officer. “We continued to execute on our three strategic priorities—our strong cash generation aligns with our priority to strengthen the balance sheet, while our recent Rockdale announcement advances our priorities to reduce complexity and drive returns.”
The company recently announced that as of Oct. 1 it has terminated the electricity contract tied to Alcoa’s Rockdale operations in Texas with power provider Luminant Generation Co. The smelter at Rockdale has been fully curtailed since the end of 2008. Alcoa says it expects the termination, which included a lump sum cash payment of $237.5 million, to result in an annual improvement to net income and adjusted EBITDA of $60 million to $70 million, beginning in the fourth quarter of 2017.
Harvey added, “As we approach our first anniversary as an independent, publicly traded company, we’ll continue to be guided by our three strategic priorities to further strengthen our company and Alcoa’s foundation for the future.”
In third quarter 2017, Alcoa reported net income of $113 million, 60 cents per share, up 51 percent, mostly because of an improvement in the combined results of the company’s business segments. This compares with second quarter 2017 net income of $75 million, or 40 cents per share. The third and second quarters of 2017 include a negative impact for special items of $22 million and $41 million, respectively.
Third quarter 2017 special items were largely related to restructuring charges associated with previous actions, a legacy tax settlement in Brazil, unfavorable mark-to-market impact on certain energy contracts and a net benefit related to the partial restart of the Warrick smelter in Indiana (reversal of previous closure costs partially offset by restart costs), the company says.
Excluding the impact of special items, third quarter 2017 adjusted net income was $135 million, or 72 cents per share, up 16 percent sequentially from $116 million, or 62 cents per share.
In the third quarter 2017, Alcoa reported $561 million of adjusted EBITDA excluding special items, up 16 percent from $483 million in second quarter 2017. The company says the improvement was driven by several positive factors, including higher energy sales in Brazil, improved aluminum pricing and increased shipments for aluminum and bauxite, partially offset by unfavorable currency exchange rates and raw material price inflation.
Alcoa reported third quarter 2017 revenue of $3 billion, up 4 percent sequentially, with higher energy sales in Brazil, higher shipments in the its aluminum and bauxite segments and increased aluminum prices, somewhat offset by a decline in alumina volume.
Cash from operations in third quarter 2017 was $384 million and free cash flow was $288 million. Cash used for financing activities and investing activities was $115 million and $100 million, respectively, in the third quarter of 2017. Cash used for financing in the third quarter of 2017 included the early repayment of a $41 million loan from Brazil’s National Bank for Economic and Social Development (BNDES), Alcoa says.
The company says it ended third quarter 2017 with cash on hand of $1.1 billion with $1.4 billion of debt, for net debt of $0.3 billion. Alcoa also reported 17 days working capital, a one-day improvement from second quarter 2017.
Alcoa says that it continues to see strong global aluminum demand growth and that it increased its full-year 2017 estimate to a range of 5 to 5.5 percent from 4.75 to 5.25 percent in the second quarter.
The company says it expects the global aluminum market to be in relative balance for full year 2017, a change from the second quarter projection of a slight surplus. The improvement is mostly because of the planned and actual curtailments in Chinese smelting capacity as well as increased Chinese demand.
Global markets for both bauxite and alumina are expected to remain in relative balance for the year, according to the company.]]>
"We are excited to partner with Wheelabrator to encourage and ensure the safe collection of mercury-containing thermostats under the Mass Save program," says Ryan Kiscaden, TRC's executive director. "When you have a committed strategic partner as we do with Wheelabrator, staff that understand the ease of the recycling process, and an informed public that encourages recycling efforts, it increases the recycling rates of these devices dramatically."
Under this agreement, TRC will provide free recycling containers for consolidating mercury thermostats that have been replaced in homes and businesses under the Mass Save energy efficiency program. Wheelabrator will facilitate the shipping of these devices from participating trade partners or local utilities. Lastly, TRC will process, count, and dispose of the thermostats collected. Reporting will be made available to any interested stakeholders including utility companies, participating trade allies, and the Massachusetts Department of Environmental Protection.
"Wheelabrator looks forward to working with TRC to provide a proactive, coordinated solution for the collection of thermostats as part of the Mass Save program," says Jim Connolly, vice president of environmental, health and safety for Wheelabrator. "The ability to utilize TRC's recycling services ensures the safe and cost-effective handling of mercury-containing thermostats. This agreement plays a key role in meeting the mercury recovery goals outlined in Wheelabrator's Material Separation Plan for Massachusetts, aimed at diverting mercury from the waste stream to prevent it from being processed at our energy-from-waste facilities."
The Mass Save energy efficiency program has the potential to extract substantial mercury thermostats for recycling, allowing Massachusetts to capture one of the last reservoirs of mercury still in service. For more information regarding state regulations on the disposal of mercury-containing thermostats, visit here.]]>
The Platts organization says the conference will have programming of interest to steel producers, traders and manufacturers who rely on steel. Attendees include senior management from steel and scrap producers, suppliers, service centers, traders, buyers, investors and analysts—as many as 150 companies in all, according to Platts.
In 2018 there will be a post-conference workshop on “Price Risk Management in Steel.” Platts says the “executive level” workshop can be registered for separately or in tandem with the annual conference as part of a discount package.
Regarding the workshop, Platts says, “The use of derivatives throughout the steel supply chain is growing. Iron ore futures contracts have taken off and are very active. Companies are looking into mitigating their price risk exposure on steel products and scrap. The post-conference workshop (on March 21) walks [attendees] through the tactics and strategies that can protect their bottom lines.”
Those seeking more information on the conference or workshop, or wishing to register, can visit this Web page.]]>
Apache, founded in 1963, has grown to be one of the largest belting companies in North America by offering numerous hose, belting, custom fabrication and onsite belting services, according to Motion Industries in a news release. Apache serves both the industrial and agricultural market from seven sales and production locations in the United States through a distribution network and will continue to do so going forward, adds the firm.
“We have had a great relationship with the Motion team for many years and this step is really a continuation of our growth strategy,” says Tom Pientok, Apache’s president and CEO. “We will preserve and build on the long-standing reputation of the Apache name and we’ll now have access to greater capabilities for accelerated growth. Becoming part of Motion will also assure that our employees will be well cared for in the future and that we will have the ability to continue to service our customers and represent our supplier partners in the way which they are accustomed. The cultural fit with Motion Industries is ideal and we are very pleased to become part of their team.”
Adds Tony Cefalu, senior vice president of shops and services for Motion Industries, “The addition of Apache further enhances our value-added offering in our belting and hose business. We have known Tom and his team for a long time and we couldn’t ask for a better or more talented group to partner with.”
“We are very pleased with the addition of Apache,” says Tim Breen, president and CEO of Motion Industries. “This is a well-established company with an outstanding reputation. The acquisition of Apache continues to build upon and complement our growth strategy in the area of hose, belting and material handling. Apache will be operated as part of Motion’s belting group, which includes several other acquisitions made over the past few years.”
Motion Industries is a wholly owned subsidiary of Atlanta-based Genuine Parts Company describes itself as a leading industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling. Motion Industries has annual sales of $4.6 billion, more than 500 locations and serves more than 300,000 customers from the pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, wood and lumber, pharmaceutical and food and beverage industries.]]>
It matters to the paper and paper-based packaging industry. Recovering this valuable resource extends the fiber supply and allows our industry to reuse its products to make new ones. Paper and paper-based packaging manufacturers reuse recycled paper every day. In fact, in 2016 U.S. paper and paper-based packaging manufacturers consumed more than 30 million tons of recycled paper to make new products from corrugated containers to paperboard boxes to writing paper and tissue.
It matters to communities. According to the United States Environmental Protection Agency, paper and paper-based packaging are recovered from municipal solid waste streams at a higher rate than other materials. More than twice as much paper and paper-based packaging was recovered for recycling than was sent to landfills in 2016.
It matters to the environment. In 2016, 67.2 percent of paper and paper-based packaging in the U.S. was recovered for recycling. That works out to more than 52 million tons. And on average, each ton of paper recovered for recycling saves 3.3 cubic yards of landfill space.
It matters to millions of Americans who recycle at home, school and work every day. This commitment to participate in the voluntary, market-driven paper recovery system has enabled paper recycling to become successful. Ultimately, paper recycling advances because millions of people make the decision to recycle at home, work and school every day.
So please keep using paper and paper-based packaging products. They are made from renewable and recyclable materials that sustain the environment. And when you have finished using them, please place your clean, dry paper and paper-based packaging in the recycling bin. It matters!
The American Forest & Paper Association (AF&PA) says it serves to advance a sustainable U.S. pulp, paper, packaging, tissue and wood products manufacturing industry through fact-based public policy and marketplace advocacy. AF&PA says its member companies make products from renewable and recyclable resources and are committed to continuous improvement through the industry’s sustainability initiative - Better Practices, Better Planet 2020. The forest products industry accounts for approximately four percent of the total U.S. manufacturing GDP, making more than $200 billion in products annually and employing approximately 900,000 people. The industry meets a payroll of approximately $50 billion annually and is among the top 10 manufacturing sector employers in 45 states.]]>
Monaghan, Ireland-based Combilift “has grown to become the global leader in the long-handling market,” according to MH Equipment. The company offers what Metzger calls the world's first internal combustion engine-powered all-wheel-drive multi-directional forklift. MH Equipment describes it as a combination of forklift and side-loader that is highly maneuverable, safe, cost-effective and efficient.
“As a globally recognized company with localized service and support through our key dealer network, Combilift is ideally placed to work alongside MH Equipment in providing a high-quality service to customers,” says Paul Short, Combilift’s North American sales president.
“MH Equipment and Combilift Inc. are pleased to announce MH is now a stocking dealer representing Combilift products across MH’s geographic footprint,” states Metzger. “The products from Combilift are recognized for their application innovation as well as for productivity, durability and quality, which well supports MH’s commitment to provide its customers innovative solutions and unparalleled value while striving to be a good steward of resources.”
Founded in 1952 as a Hyster forklift dealership, MH Equipment says it has grown to become one of the largest and fastest growing material handling services providers in the United States. In 1994, the company was purchased by current CEO John Wieland, and has subsequently grown from a company of 50 employees into one with multiple dealerships, more than 700 employees and 28 servicing locations in the Midwest.]]>
Eric Lundgren, CEO of Los Angeles-based IT Asset Partners (ITAP), says he can claim the official “Guinness Book of World Records” title for the longest range of an EV on a single charge by traveling more than 990 miles (1,600 kilometers) at the Auto Club Speedway of California over a two-day consecutive run. The Guinness Book of World Records flew in adjudicator Michael Empric to the speedway in Fontana, California, to verify the world record for Lundgren. The new mark breaks the previous record of 806 miles (1,298 kilometers) set in Japan in 2013.
The record breaking EV, called The Phoenix, was created by ITAP CEO Eric Lundgren and is made from 90 percent recycled or reused parts. ITAP says that was done to promote electronic scrap recycling, and that it cost less than $14,000 to build The Phoenix.
Los Angeles-based ITAP provides asset recovery and electronics recycling services to a client roster that includes Fortune 500 companies such as Nintendo, Motorola, Panasonic, Dell and Best Buy. Lundgren calls re-use “the purest form of recycling,” and decided to put that principle into action when he founded and developed ITAP.
Lundgren says ITAP’s “Hybrid Recycling” model involves identifying “all generic parts and components of value” to offer them for resale rather than shred them.]]>