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Metal Management has plunged into the red with a $521.4 million loss for 2011/12 as it struggled with falling scrap metal prices and writedowns. The US-based company, which is the world's biggest scrap metal recycler, had flagged the loss on August
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The US-based company will report its earnings next week, and Wednesday's announcement is the latest bad news in a horror year involving nearly $600 million in writedowns, plunging earnings and a weak North American metals market...Advertisement
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Sims said the official "most consumer electronics recycled within 24 hours at multiple venues" mark was set as a result of collection events it organized in seven states, including California. The company said five locations met the Guinness World
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East Village exploring the Recyclarium's exhibits on disposal and sorting on Tuesday. As a state-of-the-art recycling plant rises in Brooklyn, a mobile educational space known as the Recyclarium will be making the rounds this fall to give young New
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The company on Friday said it expects earnings for the year to June 30 to be to be under 85 per cent of those for the prior corresponding period. Sims blamed the continuation of global economic challenges for dragging its earnings lower.
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A Pine Township resident and a Michigan City resident were arrested Monday on a charge of theft after the Porter County Sheriffs Police said that they were seen stealing scrap metal from a cell tower in the area of U.S...According to police, at 11:59
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The impairment charge relates to the goodwill, or the value of a business above the value of its assets, on acquisitions and joint ventures made several years ago, Sims said on Thursday. Those transactions were made prior to the global financial
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Brian Robins January 19, 2012 Read later Putting in the hard yards Sims Metal has been a major supplier of material to its Asian target, Chiho-Tiande Group, for some time. UP metals recycler Sims Metal Management has continued to take advantage of
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Sims is buying 18 per cent of Chiho-Tiande mostly from interests associated with the founder, and chairman, Mr Fang Ankong, as well as acquiring an option over a further 2 per cent of the Hong Kong company's capital. Chiho-Tiande claims to be the
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Due to incorrect information issued in a county District Attorney's Office news release, the Sept. 1 article "Shredder to pay $2.93M settlement" contained incorrect information about a company's ownership history. According to the District Attorney's
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