The KT-100S is an upgrade to the KT-100 LIBS analyzer, which was released in September 2015. The KT-100S expands the use of handheld LIBS to more difficult applications, such as recycling, fabrication, aerospace, automotive and refineries, especially for the analysis and separation of most nonferrous alloys, according to Rigaku.
The company says its KT Series analyzers enable accurate alloy identification in industrial environments. The analyzers will be demonstrated at the FABTECH Expo, Nov. 6-8, 2017, at McCormick Place in Chicago.
Designed to fill the performance and feature gaps of traditional analysis methods, such as handheld X-ray fluorescence, Rigaku says the KT-100S offers more convenient, on-the-spot identification of the most difficult alloys. By incorporating a second-generation spectrometer that produces higher throughput and better resolution, the user can expect better detection limits and the ability to analyze more alloys. This includes better precision for low alloy steels, stainless steels, as well as high-temperature alloys and the added detection of lithium (Li), according to the company.
Another major benefit to the user is that because the KT Series of handheld LIBS analyzers uses a laser excitation source, minimal to no regulatory licensing is required.
“We are committed to continuously improving our handheld analytical capabilities,” says Bree Allen, President at Rigaku Analytical Devices. “We built a solid reputation for handheld LIBS with the launch of our KT-100 analyzer in 2015, and now the KT-100S will exemplify the same innovation and quality the Rigaku brand is known for.”
Rigaku says key features of the KT-100S include:
- ease of use because of the analyzer’s ergonomics and the simple software interface;
- light element and base alloy analysis with a two-to-four-second analysis time;
- built for the toughest environments with MIL-STD 810G certification;
- no X-ray radiation exposure for increased safety and minimal regulatory licensing; and
- long battery life.
More information on the KT-100S is available at www.rigaku.com/KT100S.]]>
Williams is a 27-year veteran of the recycling equipment industry, having previously worked for Georgetown, South Carolina-based Coastal Wire and Bellevue, Ohio-based American Baler Co.
At Coastal Wire, Williams was Midwest regional sales manager. Williams worked in positions of increasing responsibility at American Baler, including as West Coast regional sales manager and as vice president of sales.
In addition to his direct employment responsibilities, Williams has served in voluntary industry roles, including as a vendor liaison for the National Association for Information Destruction (NAID) from 2002 to 2004. He also has served as an involved member of the Institute of Scrap Recycling Industries (ISRI), the Solid Waste Association of North America (SWANA), and WASTEC, an association that was part of the former Environmental Industries Association (now the National Waste & Recycling Association).
In his new role with Maren Engineering, Williams can be reached at firstname.lastname@example.org.]]>
Pittsburgh-based United States Steel Corp. has reported third quarter 2017 net earnings of $147 million, or 83 cents per diluted share. Adjusted net earnings were $161 million, or 92 cents per diluted share, which excluded a gain of $21 million, or 11 cents per diluted share, related to equity affiliate transactions, primarily because of the sale of its ownership interest in Tilden Mining Co. LC, and a debt extinguishment loss and other related costs of $35 million, 20 cents per diluted share. Third quarter 2016 net earnings were $51 million, or 32 per diluted share.
President and Chief Executive Officer Dave Burritt says, “Our third quarter results were modestly better than we expected, with stable operating performance at each of our segments, and our tubular segment producing positive EBITDA (earnings before interest, taxes, depreciation and amortization) in the quarter. Our results for the first nine months of 2017 improved over the first nine months of 2016, with all three of our segments improving compared with 2016.”
U.S. Steel’s operating segments are flat-rolled, U.S. Steel Europe and tubular.
The company’s net debt decreased by $200 million in the third quarter to $1.2 billion, while its total liquidity also increased during the quarter. The company says it is well-positioned to continue the implementation of its asset revitalization program.
In addition to the increased focus on its operations, U.S. Steel says it also continues to develop the next generation of steel products. “Our Generation 3 steels will provide superior formability and high-strength properties while using a low-alloyed approach for robust weldability,” the company says in a news release announcing its financial results. “To expand our capabilities in Generation 3 steels, we announced last month that a new continuous galvanizing line will be constructed at our PRO-TEC Coating Co. joint venture, which will allow PRO-TEC to produce these Generation 3 steels with a hot-dipped zinc coating.”
The company says this line will be the first of its kind, using proprietary technology capable of producing “high-quality, cutting-edge advanced high-strength steels that will meet our automotive customers’ needs and solve some of their most pressing challenges.”
Regarding U.S. Steel’s outlook for 2017, Burritt says, "We remain focused on our operations, revitalizing our assets and developing our talent. We are seeing operating improvements in the assets in which we are investing. This increases our confidence that we will achieve the 2020 improvement targets we have disclosed. We believe the attention to our assets and employees, with continued focus on improving safety, quality, delivery and cost, will result in improved operating reliability and enable us to remain a strong business partner for our customers."
If market conditions remain at their current levels, U.S. Steel says it expects 2017 net earnings of approximately $323 million, or $1.83 per share; 2017 adjusted net earnings of approximately $300 million, or $1.70 per share; and consolidated adjusted EBITDA of approximately $1.08 billion.]]>
An online article by El Mostrador says Recupac has offered recycling education and training to schools for several years but has emphasized the program in 2017.
The publication quotes Javiera Gálvez, Recupac’s chief of communications, as saying the program has reached a receptive audience in schools, commenting, “Children are the first to adopt measures and change behavior when it comes to caring for the environment; motivates them to know that they are helping to reduce natural disasters, to keep water and light, to make their streets, schools and surroundings cleaner.”
The program, known as École, also has a collection aspect to it. Some 50,000 kilograms (110,000 pounds) of paper, cardboard, plastic bottles and metal cans having been collected in Chile through the program in 2016.
Schools receive 240-liter (64-gallon) containers via the École program that are collected by Recupac trucks and taken to one of the company’s plants. They are weighed there and the school receives a payment based on secondary commodity market prices.
Santiago, Chile-based Recupac has its origins in paper and cardboard recycling but now recycles multiple materials.]]>
The company’s shipments were 429,000 tons higher in the third quarter compared to the second quarter, which the Ternium says via a press release was “mainly due to the consolidation of Ternium Brasil’s shipments [and] a recovering demand for steel products in the Argentine market.”
On the downside, Ternium says 95,000 tons fewer were shipped in Mexico compared to the prior quarter, which the company blamed on “a seasonal slowdown of steel demand in the automotive and HVAC industries.”
Ternium’s third quarter operating cost per ton was relatively stable, although it did face higher raw material and purchased slab costs.
Ternium’s management predicts the full-quarter consolidation of Ternium Brasil in the fourth quarter of 2017 “will have a sequentially increasing effect on Ternium’s shipments, and a sequentially decreasing effect on the company’s average price and cost per ton due to the incorporation of Ternium Brasil’s slab sales into Ternium’s higher value-added sales mix.”
The company’s quarterly summary also states that its expectations of a strong second half of the year in the Argentine market materialized in the third quarter, “with a significant sequential increase in shipments. A markedly better business environment is fostering a gradual recovery in most sectors of the Argentine domestic economy, with the household appliance and automotive industries joining the previously ascendant agribusiness industry, public infrastructure investment, and shale oil and gas fields development sectors.”
However, Ternium anticipates lower operating income in the fourth quarter of 2017 compared to the third quarter, with higher steel shipments again partially offset by lower operating margins. The company indicates it foresees “decreasing steel prices in the Mexican market as a result of a destocking process in the United States.”]]>
The solid steel billet underwent the transformation from bar to pipe starting at a rotary furnace, passing through a piercer, and, after going through other stages of production, the pipe made its way to the cooling bed.
“This first pipe sets our ramp up of production in motion,” says Germán Curá, Tenaris’ president of its North American operations. “This is a major achievement and a reflection of the dedication by our entire team, who have contributed hard work in all aspects of the process.”
The production of the first pipe marks what Tenaris calls the last major milestone in the construction of the new seamless facility, which is Tenaris’ first greenfield project in 60 years.
Two areas of the plant – heat treatment and finishing - were already in operation, processing and threading pipes. Tenaris says it also has been dispatching pipe to customers from the mill’s onsite service center.
Tenaris indicates its mill in Bay City serves as the hub of its industrial activity in the United States, driving its mill-to-rig business model known as Rig Direct, which synchronizes the production of pipe with customers’ drilling operations through the direct delivery of pipes and services.
Tenaris calls the $1.8 billion seamless plant “the most advanced, automated pipe manufacturing facility in the world, with a capacity to produce 600,000 tons of OCTG (oil country tubular goods) when fully operational.
Luxembourg-based Tenaris operates mills and other assets belonging to former Mexican steelmaker Tamsa and Argentina-based steelmaker Siderca.]]>
An online article by Reuters says Mexico’s national statistics agency has calculated that the nation’s GDP shrank by that amount compared to the previous quarter. In the second quarter of 2017, Mexico’s GDP grew by 0.6 percent.
If the preliminary third quarter data proves accurate, “it would be the first quarterly [GDP] contraction since the second quarter of 2013,” according to Reuters.
Hurricanes Katia and Max hit Mexico during the quarter, and two major earthquakes occurred in September, one in central Mexico and the other in the southern Mexican state of Chiapas. Reuters said Mexican statistics agency director Julio Santaella remarked via Twitter that the disasters had negatively affected economic activity.
Other Mexican government agencies have estimated the combination of earthquakes and hurricanes may have caused $2.5 billion in property damage, which should ultimately trigger some economic activity because of rebuilding.
Even with the damage and disruption, the Mexican economy in the third quarter of 2017 grew by 1.6 percent compared to the third quarter of 2016.
Potentially causing further disruption to the Mexican economy, however, is the uncertain future of the North American Free Trade Agreement (NAFTA).
An early November online article by Forbes points to a report by Fitch Ratings that contends the Mexican economy would be the one most negatively affected if NAFTA was abruptly canceled.
“If the United States withdrew from NAFTA, the Mexican economy would face significant uncertainty, which would likely lead to an immediate confidence shock and short-term market volatility,” Fitch analysts led by Arend Kulenkampff say in the report.
The report’s authors state that more than 75 percent of Mexico’s exports are shipped to the United States. Economic growth in the nation would slow in the medium and long term if NAFTA is rescinded, according to the Fitch analysts.
Trade relations between the U.S., Mexico and Canada would revert to World Trade Organization rules, according to Forbes, and a series of tariffs, challenges and arbitration procedures would likely result.
It is unclear how much of the $1.6 billion in goods traded between the three NAFTA countries daily would be affected by an abrupt end to the arrangement.
The Fitch analysts say underlying cost advantages of manufacturing in Mexico would still provide an incentive to locate production facilities there, according to Forbes, unless new tariffs prove prohibitive.]]>
The team used sonar scanning technology to find discarded nets likely to entangle vaquitas, ultimately removing approximately 2,000 square meters of such netting. The mission was funded by WWF Mexico. The gillnets recovered will be recycled by companies and not-for-profit groups, including New York-based Parley for the Oceans, through the Global Ghost Gear Initiative, founded by World Animal Protection, to make nylon-based products out of the abandoned nets.
Some 5,700 square meters of netting was found and recycled during an expedition in May 2017. The reduced amount of netting found in November is “a hopeful sign that the habitat may finally be safer for these animals,” according to the groups involved.
World Animal Protection calls the vaquita porpoise “the world’s most critically endangered marine mammal, with just an estimated 23 individual vaquitas remaining in the Gulf of California in Mexico.” The group says Illegal fishing activity and the resulting abandoned gillnets, also known as ghost nets, are the single biggest cause of the vaquita’s near eradication.
A video about World Animal Protection’s mission to clean up the vaquita habitat can be found on this Web page.]]>
After 12 years as CEO and 40 years in the steel industry, Novegil will retire next March, although he will remain on Ternium’s board of directors, assuming the role of Vice Chairman.
Vedoya, 47, is an industrial engineer and holds a management master’s degree from Stanford University. With 26 years of experience in the steel industry, he has led Ternium’s operations in Mexico since January 2012. Prior to that he held several executive positions at other Ternium subsidiaries, including CEO of Ternium Colombia, commercial director and export manager of Sidor (Venezuela), director of Ternium Mexico’s international and steel purchase operations, and commercial planning manager of Siderar in Argentina.
“Daniel will leave a remarkable legacy in Ternium,” says Paolo Rocca, Ternium’s board chairman. “He was an integral part of each of Ternium’s milestones and helped turn the company into what it is today. He also has positioned Ternium very well for its next chapter of profitable growth. We are pleased that we can continue benefiting from his experience once he takes on his new role at the board.”
Adds Rocca, “Máximo is an exceptional leader who has had a proven track record of success in each of his executive positions at Ternium. Under his leadership, Ternium Mexico has been a growth engine for our company. He has the skills, energy and experience to lead our company into this exciting, new stage of growth and he will have the Board’s full support in his transition to CEO.”]]>
“With our rapidly growing customer base, it was imperative that we expand to meet their needs,” says Marty Kennedy, Stadler America COO. “The volume of inquiries for advanced system designs and Stadler core components that we’re receiving has been nothing short of amazing. We see this investment as part of the work being done to prepare ourselves to meet continued growth in customer demand.”
Stadler opened its North American headquarters, parts facility and technical support center in March 2016. This expansion will double the parts inventory and expand the availability of the technical support team, the company says.
“We understand how important providing aftersales support is, not only in word but also in action,” says Nico Sherwood, aftersales program director for Stadler America LLC. “This commitment grows our parts inventory considerably. Combined with our U.S. based support staff and aftersales team, it’s a demonstration of the importance Stadler places on supporting our customers. We want customers to know that they can rely upon us long after they place an order with us.”]]>
"We are pleased with our third-quarter performance, which included high-single digit growth in earnings and free cash flow per share. says Donald W. Slager, president and CEO. " Thus far in 2017, we have invested approximately $385 million in acquisitions, including the purchase of ReCommunity. Our pipeline for the remainder of the year and into 2018 is robust and will serve as a catalyst for future growth.
Slager adds, “Our continued ability to profitably grow the business both organically and through acquisitions illustrates the effectiveness of our strategy and our commitment to creating long-term shareholder value."
Third-Quarter Financial Highlights:
- EPS was $0.66 per share. Adjusted EPS, a non-GAAP (generally accepted accounting principles) measure, was $0.67 per share, an increase of 8 percent over the prior year despite a 1-cent headwind due to the hurricanes.
- Year-to-date cash provided by operating activities was $1.4 billion and adjusted free cash flow, a non-GAAP measure, was $606 million, an increase of approximately 5 percent over the prior year.
- Total cash returned to shareholders through dividends and share repurchases was $227 million. Year-to-date cash returned to shareholders was $682 million.
- Total revenue increased 6.3 percent over the prior year.
- Revenue growth from average yield was 2.5 percent and volumes increased 1.6 percent.
- Core price increased revenues by 4.1 percent, which consisted of 5.1 percent in the open market and 2.3 percent in the restricted portion of the business.
- Adjusted EBITDA was $718 million and adjusted earnings before interest, taxes, depreciation, and amortization(EBITDA) margin was 28 percent of revenue.
Third-Quarter Operational Highlights:
- The company invested $129 million in tuck-in acquisitions during the quarter and $220 million year-to-date through Sept. 30, 2017.
- In October, the company acquired ReCommunity Holdings for approximately $165 million, which included certain tax benefits valued at approximately $50 million.
- Republic continued to convert CPI-based contracts to more favorable pricing mechanisms for the annual price adjustment. The company now has approximately $510 million in annual revenue tied to either a waste-related index or a fixed-rate increase of 3 percent or greater.
- The company, which operates the seventh-largest vocational fleet in the U.S., advanced its fleet-based initiatives designed to improve productivity and lower costs. Currently:
- 19 percent of its fleet operates on compressed natural gas, up from 18 percent in the prior year.
- 75 percent of its residential fleet is automated, up from 74 percent in the prior year.
- Republic was recently named to the 2017 Dow Jones Sustainability Index (DJSI) World and North America Indices for the second consecutive year.Republic is the only recycling and solid waste service provider in the world to be included in either index this year.
Republic is providing a preliminary financial outlook for 2018. It should be noted that the preliminary outlook does not represent full detailed guidance, but rather a point-in-time estimate based on its current projections of 2017 performance, early reviews of the 2018 budget process and current business and economic conditions. Consistent with prior practice, the company will provide formal financial guidance in February 2018 once the budget process is complete and full-year 2017 results are reported. 2018 Preliminary Financial Outlook:
- Adjusted diluted earnings per share is expected to be in a range of $2.53 to $2.58, which excludes the impact of restructuring charges.
- Adjusted free cash flow is expected to be in a range of $925 million to $950 million. Adjusted free cash flow consists of cash provided by operating activities, less property and equipment received, plus proceeds from the sale of property and equipment, and is exclusive of cash paid for restructuring, net of tax.
Slager comments, "We expect current business and economic conditions to continue into 2018, positioning us well for high-single digit growth in earnings and free cash flow per share despite a headwind from recycled commodity prices."
Republic also announces its Board of Directors declared a regular quarterly dividend of $0.345 per share for shareholders of record on Jan. 2, 2018. The dividend will be paid on Jan. 16, 2018.
Republic continues to increase cash returns to shareholders while maintaining its investment-grade credit rating, and announces its Board of Directors approved a $2 billion share repurchase authorization which extends through Dec. 31, 2020. This was added to the amount remaining under the prior authorization, which was $95.1 million as of Sept. 30, 2017. At current prices, $2.1 billion represents approximately 10 percent of the company's outstanding shares of stock.
Adjusted diluted earnings per share, adjusted net income, adjusted EBITDA, and adjusted free cash flow are described in the Reconciliation of Certain Non-GAAP Measures section of this document. The adjusted diluted earnings per share and adjusted free cash flow related to the preliminary outlook are described in the 2018 Preliminary Financial Outlook section of this press release. The full release is available here.
“With a new Congress and administration in Washington this year, equipment manufacturers did a better job than ever at communicating our industry’s priorities to our elected leaders,” says Dennis Slater, AEM president. “AEM is thrilled to honor JCB as a Pillar of Industry for their outstanding commitment to advancing policy priorities essential to the equipment manufacturing industry.”
“As a leading construction and agricultural equipment manufacturer, we’re grateful at JCB for the opportunity to promote policies that support manufacturing jobs and help America’s manufacturers to compete on the global stage,” says Richard Fox-Marrs, president and CEO of JCB North America.
“And we’re especially proud to have supported AEM’s ‘I Make America’ campaign, which has struck a chord with our state and federal leaders and our workforce and helped remind all Americans that a strong manufacturing base is a national asset to be valued,” he adds.
This year’s I Make America campaign, themed Our Products. Our Jobs, brought a record number of elected officials to AEM member companies across the country. In addition, AEM members descended on Washington in September 2017 for the first-ever I Make America Fly-In, where member company executives visited with 100 congressional offices and administration officials to advance the industry’s policy priorities.
AEM is a North American-based international trade group representing more than 900 companies and more than 200 product lines in the agriculture, construction, forestry, mining and utility sectors worldwide.
From its North American headquarters in Savannah, and at 21 other manufacturing facilities in the United Kingdom, China, India and Brazil, JCB manufactures a range of more than 300 products for customers in 150 countries.]]>
Strategic Materials in partnership with state recycling organizations including AROW (Associated Recyclers of Wisconsin), SWANA (Solid Waste Association of North America) Badger Chapter and WCSWARA (Wisconsin Counties Solid Waste Management Association) selected the city of Delevan as a centralized location to help defray transportation costs for material recovery facility (MRF) in the state’s most densely populated cities. The state of Wisconsin estimates at least 121,000 tons of glass are available in the recycling stream annually.
“We are delighted to provide a solution to the state of Wisconsin for glass recycling,” says Denis Suggs, Strategic Materials president and chief executive officer. “Our new facility was built to better serve not only our customers, but also our suppliers. We’ve nearly doubled our capacity and are able meet end market demand with a higher quality product.”
Suggs adds, “We applaud the state of Wisconsin for their progressive stance on glass recycling and willingness to collaborate with us to benefit the state, the environment and the local economy. We hope other states will follow their lead.”
Headquartered in Houston, SMI recovers and processes postconsumer and postindustrial glass, operating a network of 47 facilities across the U.S., Canada and Mexico. The company’s end markets include glass packaging, fiberglass insulation, flat glass and highway safety beads, as well as the air blast abrasives industry.
In mid-October, Littlejohn & Co. LLC, a private investment firm based in Greenwich, Connecticut, announced it had signed a definitive agreement to acquire Strategic Materials from Willis Stein & Partners, Northbrook, Illinois, and London-based Vision Capital.]]>
America Recycles Day takes place on and in the weeks leading into Nov. 15. The nonprofit says the day is the only nationally recognized day dedicated to promoting recycling in the United States.
Using the social media hashtag #BeRecycled, Keep America Beautiful asks participants to take a pledge and to spread the word about recycling among their communities.
For the second year, Keep America Beautiful says it is encouraging people to take the #BeRecycled pledge and commit to learn more about recycling in their community; to consistently and correctly recycle; and to buy products made from recycled content. Available online and via paper pledges at events across the country, #BeRecycled Pledge participants are “encouraged to help spread the word by educating and encouraging friends, family and neighbors to recycle in their community, and to integrate the act of recycling and buying products and packaging featuring recycled content throughout their daily routines,” says Keep America Beautiful.
“America Recycles Day is a call-to-action to motivate individuals to actively pursue a #BeRecycled lifestyle 365 days a year,” says Brenda Pulley, senior vice president, recycling, Keep America Beautiful. “America Recycles Day helps to shine a light on our ongoing efforts to educate and inspire people to reduce, reuse and recycle, and when they buy, to buy products made from sustainable and recycled materials.”
A number of America Recycles Day events are focusing on this year’s theme of #BeRecycled. They include:
- Nov. 4, Keep California Beautiful and the Rabobank Arena, Theater & Convention Center in Bakersfield, California, will hold a collection drive, accepting electronic items, large/small household items, tires and used motor oil filters, among many other materials.
- Nov. 11, Trashmagination will hold a Mini Maker Fair in McLean, Virginia, and demonstrate how to use trash to create new items. The fair will include projects that use plastic bags, plastic caps, plastic milk jugs, neck ties and t-shirts, among other items.
- Richardson Independent School District (ISD) will mobilize its 55 schools to participate in America Recycles Day by encouraging students to take the #BeRecycled pledge online, and will post banners outside of schools for the younger students to sign and participate. Throughout the week, Richardson ISD will encourage schools to set up “No Thank You” tables where students can offer unwanted lunch items to others. Lastly, Richardson ISD is contributing to a used clothing drive being held by Keep Dallas Beautiful, as Hurricane Harvey wiped out the surplus of items at many local shelters.
- Beginning on America Recycles Day, the city of Inner Grove Heights in Minnesota will collect and recycle old and unused holiday lights to help prevent them from entering the landfill. Over the past two years, the city has recycled about 120 pounds of holiday lights.
Keep America Beautiful says aside from the #BeRecycled pledge, people can be part of the recycling solution by being more mindful of how to properly recycle products in the home and elsewhere by participating or hosting their own America Recycles Day event. Event organizers can access resources to plan, promote and host an event on the America Recycles Day website where there are reference guides and toolkits for hosting events, activity ideas, downloadable posters and banners, media outreach tools, sample proclamations and more. Events can be scheduled at any time during the fall leading into the official America Recycles Day celebration on Nov. 15.
Sponsors of this year’s initiative include American Chemistry Council, H&M, Indorama Ventures, Keurig Green Mountain, Northrop Grumman and Waste Management. Additionally, Dropps, creator of eco-friendly detergent pods, will serve as a promotional partner for this year’s campaign and will donate 10 percent of sales for the entire year to Keep America Beautiful on every new wash plan subscription or new customer product purchase made on www.dropps.com using code KAB2017.
“Indorama Ventures is committed to supporting America Recycles Day because it offers an opportunity for the next generation of environmental stewards to learn about the importance of recycling and taking care of the environment,” says Russ Wilson, plant manager at Indorama Venture’s IVXP plant in Decatur, Alabama.
The increase in net income, excluding special items, is mainly because of a 12 percent increase in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) to a record high $302 million for the second quarter of fiscal 2018. The year-over-year improvement in adjusted EBITDA is primarily a result of higher shipments, favorable metal costs and operational efficiencies, partially offset by lower beverage can pricing, Novelis says. Adjusted EBITDA reached $377 per ton in the quarter.
Net sales increased 18 percent over the prior year to $2.8 billion for the second quarter of fiscal 2018, driven by higher average aluminum prices and higher total shipments. Shipments of flat-rolled products increased 4 percent to an all-time quarterly record 802 kilotonnes, the company says. All regions reported higher total shipments year over year. Automotive sheet shipments increased 12 percent as production has continued to ramp to meet strong customer demand in this market.
"As an industry, we are seeing increasing demand for lightweight, high-strength aluminum from global automotive customers based on aluminum's ability to provide equal or better quality, strength and safety compared to other materials," says Steve Fisher, president and chief executive officer for Novelis. "At Novelis, our strategy to grow alongside our customers who are adopting innovative aluminum solutions to meet their design, performance and sustainability needs has resulted in a strong balance sheet and the ability to raise our full year guidance. With this increased strategic flexibility, we are now actively seeking organic investment opportunities to further expand our leadership position in the growing automotive aluminum sector."
Novelis reported free cash flow of $101 million for the second quarter of fiscal 2018, despite a significant rise in aluminum prices during the quarter. The company says the $57 million improvement in free cash flow over fiscal 2017 is primarily a result of higher adjusted EBITDA and lower cash interest payments because of refinancing savings and timing. Capital expenditures in the second quarter of fiscal 2018 were $43 million, $3 million less than in the prior year.
"Our continued strong financial performance and proceeds from the Ulsan joint venture transaction further improved our net leverage position in the quarter, and we remain on track to generate record free cash flow this fiscal year," says Devinder Ahuja, senior vice president and chief financial officer, Novelis.
As of Sept. 30, 2017, the company reported a very strong liquidity position of $1.6 billion.
In light of its strong first half performance and positive momentum going into the second half of the fiscal year, Novelis says it has raised its fiscal 2018 adjusted EBITDA guidance to be between $1,150 million to $1,200 million for the full year. The guidance for fiscal 2018 free cash flow to be between $400 million to 450 million is unchanged, as the company balances working capital headwinds related to higher average aluminum prices with a stronger adjusted EBITDA outlook.
Novelis operates in 10 countries, has approximately 11,000 employees and reported $10 billion in revenue for its 2017 fiscal year. Novelis supplies aluminum sheet and foil products to transportation, packaging, construction, industrial and consumer electronics markets throughout North America, Europe, Asia and South America. The company is a subsidiary of Hindalco Industries Ltd., an industry leader in aluminum and copper, and metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai.
Plaxx is a low-sulphur hydrocarbon feedstock derived from residual scrap plastic using a continuous process that can be based at an operator’s site.
Recycling Technologies was one of 15 winners at the annual 2017 Plastics Industry Awards (PIAs) in London Oct. 27. The company took top honors in the category Best Recycled Plastic Product of the Year.
Attendees of the RECOUP Plastics Recycling Conference in Peterborough, U.K., Sept. 28 had voted for the winning entry through a one member, one vote system, allowing the award winners to be chosen directly from industry peers, says RECOUP.
Best Recycled Plastic Product of the Year, sponsored by RECOUP, went to Plaxx the first hydrocarbon feedstock derived from residual waste plastic using a continuous process that can be based at a waste operators site. Chemical recycling achieves full decontamination and therefore unrestricted re-use.
RECOUP says, “[We] promote and support the award aimed at recognizing innovation and showcasing advances in plastics recycling. This award gives the plastics recycling industry the opportunity to demonstrate commitment to the environment and saving of resources using recycled materials.”
RECOUP continues, “In 2017, the award’s criteria was widened to allow for products in early stages of development, designed within the U.K., to qualify for entry, and Recycling Technologies with their Plaxx product shows how technology is redefining the recyclability of plastics.”
Beyond Recycling Technologies, other companies to enter the PIAs’ Best Recycled Plastic Product of the Year category include:
Stuart Foster, CEO of RECOUP, says, “We hope that through connecting with this award we can encourage many others to consider the business and environmental benefits of using recycled plastics in product manufacturing, and help demonstrate that plastic is a circular resource—something that is increasingly critical to the future success of this industry. Use of recycled content is an automatic requirement, not a choice within a circular economy and we need to see significant progress in the use of recycled plastics in manufacturing. Whether this can happen without mandatory requirements in the future is unclear.”
The award draws attention to the advancements being made in recyclability of plastics and demonstrates opportunities, RECOUP says.
“Showing what can be done, and how plastics can be transformed, can drive demand for recycled plastics and broaden the spectrum of markets for plastics,” adds RECOUP.
Adrian Griffiths, CEO of Recycling Technologies, says, “The global issue of plastic waste is growing year on year. Our innovative technology addresses this and chemically recycles mixed plastic waste and turns it back into the oil it came from. We call this oil Plaxx. Our goal is for Plaxx to contribute to the circular economy and help build recycling rates for plastic in the U.K. from the current 40 percent achievable by mechanical means today, up to 90 percent.”
Working in collaboration with industry and technology partners including U.K. universities, Recycling Technologies says it has developed a chemical process, called the RT7000, to recycle what has long been considered “unrecyclable” scrap plastic films, including pouches, trays, tubes and laminates, which account for more than 60 percent of plastic packaging arisings. The RT7000 converts mixed plastic scrap into Plaxx, a waxy, low-sulphur hydrocarbon that is distilled into a suite of materials from wax to naphtha, the feedstock for new plastics manufacturimg. Each unit can annum of waste plastic into approximately convert 7,000 tons per 5,250 tons of Plaxx.
RECOUP is a registered charity and charity and not-for-profit member based organisation. RECOUP works in collaboration with all stakeholders to promote, develop, stimulate and increase the levels of plastics recycling within the U.K.
Recycling Technologies was formed in 2011 to commercialize the development of a plastic scrap energy conversion technique established originally by the University of Warwick in the U.K.
News Europe publisher, Crain Communications, says the PIAs recognize achievements in 15 categories, including materials usage, product design, manufacturing, training and environmental performance. Entries are judged by a panel of industry experts. Launched in 2001, and held annually in London, the PIAs are dedicated to rewarding innovation in an increasingly competitive market.]]>
The series of half-day executive symposia with networking lunches features keynote speakers from financial institutions, consumer brands, plastics manufacturing companies and national associations, plenary talks and interactive discussions covering topics from investment capital, acquisitions and projected demand to new product ideas, supply chain efficiencies and emerging technologies. The networking lunches allow executives the opportunity to meet and talk with the event’s speakers but also with their peers.
“The Plastics Leadership Summit will provide plastics executives unique access to premium learning and networking opportunities and facetime with industry experts to build the relationships they need to drive strategies leading to company success,” says the association’s President and CEO William R. Carteaux. “The Plastics Leadership Summit’s half-day schedule is intentionally designed to encourage executive attendees and speakers to visit the show floor, where they can marry what they’ve learned with technologies and innovations being showcased by exhibitors whose products and services relate to the presented themes.”
Over three days, the Plastics Leadership Summit features specific tracks and speakers:
- The Profit track, Tuesday, May 8, is specialized to support C-level executives and small- and middle-market company presidents and chief financial officers. Topics include capital sourcing for growth and acquisition, company valuation and corporate financial strategies. Speakers and panelists include:
- Sharon Miller, managing director, Bank of America;
- Charlie Gailliot, partner, Goldman Sachs;
- Craig Staub, managing principal, Odyssey Partners;
- John Hart, managing director, Plante Moran Corporate Finance; and
- Sam Smith III, senior vice president, Customers Bank Commercial Finance.
- The Product track, Wednesday, May 9, is designed for senior business development, sales and marketing and product/divisional business managers. It focuses on projected demand for existing and new ideas in aerospace, medical, food and beverage, lawn and garden and other industry market segments. Speakers and panelists include:
- Theresa Hermel-Davidock, worldwide director or core technologies, Becton Dickinson;
- Stephen Livernois, vice president of procurement, Becton Dickinson;
- Rene Lammers, senior vice president of global beverage R&D, PepsiCo;
- Catherine Hawkins, senior director of procurement, The Boeing Co.;
- Jay Olson, materials, engineering and technology manager, John Deere; and
- Scott Farmer, executive vice president, Berry Plastics.
- The Production track, Thursday, May 10, is geared toward manufacturing executives and general managers of manufacturing facilities. Topics range from workforce development to innovations including additive (3D and 4D) manufacturing and “smart manufacturing” throughout the supply chain. Speakers and panelists include:
- Jay Timmons, president and CEO, National Association of Manufacturers;
- Greg Haye, general manager materials and process development center, Local Motors Inc.;
- Tim Weber, global head of 3d materials and advanced applications, Hewlett Packard Inc.; and
- Peter Stansky, digitalization development manager, Siemens Inc.
In addition to the Plastics Leadership Summit, eight specialized education programs at NPE2018 will cover every facet of the plastics industry and offer insights to solve specific on-the-job challenges, Plastics says.
New educational programs at NPE2018 include the 3D Printing Workshop, presented by Additive Manufacturing Media and Plastics Technology; the Bottle Zone Technical Forum, hosted by PETplanet and the International Society of Beverage Technologists (ISBT); and the Re|focus Sustainability & Recycling Summit.
Returning educational programs at NPE2018 include the Agricultural Plastics Recycling Conference, ANTEC, Carpet America Recovery Effort, Plastics Industry Insights—IHS Markit and Seminarios Latinoamericanos, presented in Spanish.
NPE2018 is the triennial international plastics manufacturing exposition representing the entire plastics supply chain, where 65,000+ attendees from all sectors and from every part of the worldwide supply chain gather to learn about new technical advances, meet industry leaders and peers and explore every facet of the business, Plastics says. To attend the plastics industry’s leading educational programs, to register and for more information, visit www.npe.org.]]>
The Jackson County Developmental Center (JCDC) of Millwood, West Virginia, has announced a partnership with RightCycle by Kimberly-Clark Professional to provide employment for people who have disabilities.
The JCDC employees remove zippers and other metal parts from protective garments so that the apparel can be recycled through the RightCycle program, the first large-scale recycling program for nonhazardous lab, cleanroom and industrial waste. The employees include people who have survived traumatic brain injuries or have been diagnosed with autism spectrum disorders, learning disabilities and other conditions.
“Oftentimes people with disabilities are treated as if they can’t work,” says Sara Rose, development and communications specialist for JCDC. “The RightCycle program provides them with a job and a very clear task. It’s adaptable for lots of different ability levels—whether it’s removing a snap or zipper or processing the whole garment.”
The RightCycle program diverts previously hard-to-recycle items, such as single-use garments and gloves, from the waste stream and turns them into plastic pellets. The hard-to-recycle items are used to create consumer products and durable goods such as shelving, totes, and lawn and garden furniture. Since its launch in 2011, the program has diverted more than 450 tons of materials from landfills.
“The RightCycle Program is all about making a difference—diverting used garments and gloves from the waste stream and giving them a second life,” says Lisa Morden, senior director of global sustainability for Kimberly-Clark. “Working with JCDC enables us to extend the social impact of the program by helping to provide employment opportunities that help to improve people’s lives.”
The RightCycle Program also dovetails with JCDC’s commitment to the environment and to developing “green” lines of business, says JCDC.
“One of our goals is to eliminate waste in landfills and reduce, reuse and recycle,” says Mark Crockett, JCDC production manager. “This is a perfect example of going that extra step and getting a high volume of apparel and other items that had been previously landfilled and finding a way to recycle them.”
Crockett continues, “Generally, when you think of recycling, you think of wood pallets, plastic and glass, you don’t really think of cleanroom suits as being recyclable. This is a step in the right direction that, hopefully, will expand to a point where it becomes commonplace to recycle them.”
For JCDC employees, the program benefits extend beyond the financial.
“They grow by leaps and bounds because of the quality of life gained from employment,” Rose says. “The work also provides a sense of community and belonging.”
For some, JCDC says the experience has been life-changing. One current employee arrived at JCDC from another agency with a blunt assessment: “He can’t really do anything.”
“He’s been named employee of the year three times,” Crockett says of the employee today. “He works hard here. He bales. He counts. He weighs the bales. It just shows that with some patience, understanding and a willingness to let people show you what they can do, they can do anything.”
JCDC adds, “It’s a ripple effect that is felt well beyond the JCDC production floor. JCDC works to educate the community about the importance of inclusion and giving everyone a chance to participate in work and social activities. Families know that their loved ones are in a safe environment during the day. And employees without disabilities form friendships with people they might not otherwise get to know.”
“From the young woman working side-by-side with people with significant disabilities to the older gentleman who had previously been institutionalized and unable to contribute to society, the RightCycle program adds value to a wide variety of lives,” Rose adds. “People with disabilities are not defined by their disability. They’re defined by the same things the rest of us are. When you think about the big picture, we all want to have purpose. And I can’t think of a better purpose than giving someone the opportunity to find theirs.”
Since 1979, JCDC’s purpose has been to assist people with disabilities with support in their lives and in employment. JCDC helps people find, obtain and retain jobs in their communities and helps families by offering individuals with disabilities a safe place to be during the day.]]>
The 50-ton-per-hour system processes 1,000 tons per day and operates around the clock, according to a news release from VDRS, leaving little time for maintenance. Cleaning the old screens took too much time and manpower and ate into the time needed for other maintenance. The non-wrapping screens, which can be retrofit into any system, can reduce cleaning time by 90 percent, with customers reporting cleaning times of just 10 minutes per shift, VDRS says.
The company replaced six screens in the retrofit. Four Non-Wrapping 440 screens replaced four existing ONP (old newspapers) screens, and two new commingled screens (with an updated design) replaced two existing commingled screens. Each screen was upgraded from a 2,540-millimeter (8.3-foot) width to a 3,040-millimeter (10-foot) width. The system, which is rated for 50 tons per hour, frequently processes more than 60 tons per hour, and the extra width of the screens will give the MRF flexibility to further increase tonnage in the future, VDRS says.
More information on the screen is available by calling 203-967-1100 or emailing email@example.com.]]>
"If it has a cord or a battery, at some point, that product will need to be responsibly recycled," says TechWaste CEO, Richard Steffens.
But beyond electronics recycling, companies often need full product destruction, and this is where TechWaste's newly launched service comes in. Consumer protection, litigation, and brand reputation collectively being at all-time highs, present businesses and agencies with the need to protect themselves and their customers from faulty, counterfeit, expired, recalled, or otherwise unusable products. Only total product destruction can assure that returned, discontinued or unwanted products will not return the marketplace, TechWaste Recycling notes.
TechWaste Recycling's Certified & Secure Product Destruction service is designed to ensure brand and business names are protected at all times by providing complete product destruction. Even as a product has been discontinued, it could reach a secondary resell black market and still to the consumer represent the brand.
Depending on the product destruction requirements, TechWaste uses a variety of destruction processes, including shredding, crushing and manual destruction, to achieve desired results. TechWaste Recycling's product destruction methods allow for a high volume of products to be destroyed in minimal times, enabling it to handle any large project type requiring the demanufacturing of products, it says.
TechWaste is fully certified to destroy products and equipment and meet mandates and laws set forth by HIPAA (Health Insurance Portability and Accountability Act) , DOD (Department of Defense), CPSC (California Product Stewarship Council), and NSA (National Security Agency). TechWaste handles all of the logistics to ensure the safe and complete disposal of your products or equipment.
TechWaste Recycling guarantees proper disposal and liquidation by following all the rules and regulations set forth by the federal, state, local and Environmental Protection Agencies. All it takes is a call and they will do the rest for you. The legal framework, collection system, logistics and other services are all taken care of. Business clients need not worry about improper disposal, hefty fines and penalties because TechWaste Recycling never lets that happen.
TechWaste Recycling says it directly services all of Southern California and provides pickup services to its facilities from nationwide locations.