Sims Metal Management acquiring metal recycling company assets
Sims Metal Management, the listed metal and electronic recycling company, has announced that its subsidiary Sims Group Australia Holdings Limited (SimsMM Australia) has signed an agreement for the purchase of the assets of Commercial Metal Recycling Services (CMRS).
CMRS is a metal recycler that operates a network of eight yards across Queensland. The company operates from three locations in Brisbane, and five regional centres in Townsville, Cairns, Toowoomba, Gladstone and the Sunshine Coast. CMRS collects approximately 75,000 tonnes of ferrous scrap and 7000 tonnes of non-ferrous scrap per annum.
The acquisition is subject to clearance from the Australian Competition & Consumer Commission. The financial terms of the transaction were not disclosed, however the purchase price consideration is not material to Sims Metal Management Limited.
Researchers create compact supercapacitor designed for reuse
The research team said these findings demonstrate a promising approach for lightweight energy...
ARRC Gold Coast calls for market certainty on plastics
The organisation is backing industry calls for an extended producer responsibility scheme with...
Researchers recover silver from end-of-life solar panels
The challenge is no longer whether silver could be recovered from solar panels, but whether it...
