QualityStocks News - USA Recycling Industries Signs Agreement to Service Largest Producer of Elevators in the Americas

The company operates specialty recycling service centers engaged in the specialized business of collecting recyclable waste materials and providing specialty disposal services to the automotive service center industry. The company derives revenues from the collection and sale of recyclable materials, as well as the waste disposal services it provides to the automotive service center industry. USA Recycling, through its systems, operating methods and alliances, is considered a leader in the national recycling market servicing the automotive service center industry.

In the company’s news yesterday,

USA Recycling Industries announced that it will provide scrap metal collection services to ThyssenKrupp Elevator Americas under a pending agreement covering their branch and site facilities in the United States, Alaska, and Hawaii.

USA Recycling Industries CEO Vincent J. Smith stated, “ThyssenKrupp Elevator Americas, a subsidiary of ThyssenKrupp Elevator AG, is the largest producer of elevators in the Americas, with more than 13,500 employees, more than 200 branch and service locations, and sales of more than $2.7 billion. ThyssenKrupp Elevator Americas oversees all business for operations in the United States, Canada, Central and South America.”

ThyssenKrupp Elevator AG is one of the world’s leading elevator companies with more than 46,000 employees, sales of 5.3 billion Euros in fiscal 2010/2011, and customers in 150 countries. Its portfolio includes passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts, as well as tailored service solutions for all products. Our company is excited and looking forward to serving ThyssenKrupp Elevator Americas both here in the U.S. and its territories,” concluded Mr. Smith. “The relationship we are developing is expected to be very lucrative while simultaneously leading the charge into new markets and opening the doors for more waste management and recycling opportunities.”

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Forward-Looking Statement:

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