Metso acquires Fabco

The global equipment company Metso , headquartered in Helsinki, Finland, has acquired Fabrication Company of Maine (Fabco), based in Winthrop, Maine.

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Metso acquires Fabco

Alcoa to Expand Iowa Aluminum Rolled Products Plant

Alcoa has announced plans to expand its Davenport, Iowa aluminum rolled products plant to meet rising demand from the automotive market. The company says that it will invest an estimated $300 million on the expansion, which will take the company’s aerospace materials facility and create a production facility dedicated to the automotive market.

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Alcoa to Expand Iowa Aluminum Rolled Products Plant

Morbark Appoints New President

James Shoemaker The manufacturing firm Morbark Inc., Winn, Mich., has named James Shoemaker president. He replaces Lon Morey, who will remain chairman of the company’s board of directors. Prior to being named president, Shoemaker served as Morbark’s vice president of operations and a member of the company’s board

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Morbark Appoints New President

Mazda Introduces Technology to Recycle Bumpers from ELVs

Mazda Motor Corp. , Hiroshima, Japan, has introduced a new technology to recycle scrapped bumpers from end-of-life vehicles (ELVs) into raw material to make new vehicle bumpers. Mazda says the new technology is initially being used to make rear bumpers for the company’s Biante minivan

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Mazda Introduces Technology to Recycle Bumpers from ELVs

Waste Management Acquires Oakleaf

Waste Management Inc. (WM), Houston, has closed on the acquisition of Oakleaf Global Holdings, Hartford, Ct., and its primary operations for $425 million. WM says the deal will bring together one of the largest networks of directly owned hauling, recycling, diversion and disposal assets with one of the largest managed third-party networks.

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Waste Management Acquires Oakleaf

Tomra Pacific, California Settle Consumer Protection Case

Tomra Pacific Inc., Corona, Calif., has settled in a civil case brought against it by five California counties.

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Tomra Pacific, California Settle Consumer Protection Case

Rinn to Lead OmniSource Subsidiary

Steel Dynamics Inc., (SDI) Fort Wayne, Ind., has appointed Russell Rinn executive vice president of metals recycling and president and COO of OmniSource Corp., a wholly owned subsidiary.

Shredding Overcapacity?

A research note authored by Eric Prouty with the firm Canaccord Genuity poses the question of whether or not there is a shredding overcapacity in the United States. In support of the possibility that auto shredding capacity may be exceeding supply, Prouty says that in a recent discussion with the steel minimill Steel Dynamics (SDI), the steel company pointed out that shredding capacity in the United States has increased by around 65 percent over the past 9 years without a similar increase in scrap supply. Adding to the trend, the research note points out that a significant number of auto shredders were installed during the end of the last decade when ferrous scrap prices were sharply climbing

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Shredding Overcapacity?

DAK Americas to Acquire Wellman’s PET Business in U.S.

DAK Americas LLC , Charlotte, N.C., is acquiring the PET business of Wellman Inc. According to DAK, the total value of the acquisition is about $ 185 million including cash and the assumption of certain liabilities. The transaction is expected to close in the second half of 2011 pending regulatory approval.

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DAK Americas to Acquire Wellman’s PET Business in U.S.

Recyclebank, Republic Services Expand Recycling Program in Georgia

Recyclebank, New York City, has announced the expansion of its partnership with Republic Services, a Phoenix-based waste management and recycling company, to bring its rewards-for-recycling program to the city of East Point, Ga. The expansion plan will add around 9,000 more single-family households to RecycleBank’s program

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Recyclebank, Republic Services Expand Recycling Program in Georgia