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Waste Business Journal Weekly News Bulletin: May 4-10, 2004

Headlines...

  1. Idaho Waste Systems Opens New Regional Landfill
  2. Metal Management Installs Analyzers In Chicago Facilities
  3. EnTech Environmental Acquires Environ Products
  4. Oregon Fines Army For Chemical Incinerator Problems
  5. IESI Reports End-Of-Quarter Results
  6. Versar Shows Improved Financial Results
  7. USA Biomass Strikes Deal To Haul California Wood Chips
  8. RecycleNet Reports Improving Earnings

 

  1. Idaho Waste Systems Opens New Regional Landfill

    Idaho Waste Systems has opened the Simco Regional Landfill in Elmore County, Idaho, and will use the facility to provide waste-by-rail services to municipalities throughout the Pacific Northwest. The landfill has an estimated 420 million tons of air space, and is located about 30 miles southeast of Boise. Union Pacific Railroad tracks run directly onto the landfill site...Read More »

  2. Metal Management Installs Analyzers In Chicago Facilities

    Metal Management, Inc. (Nasdaq: MTLM) has announced plans to install Crossbelt Metal Analyzers in its Chicago plants. Manufactured by Gamma-Tech LLC, the Crossbelt Metal Analyzer will permit Metal Management to predict residual levels of copper, nickel, and chrome in scrap material. Metal Management has approximately 40 recycling facilities in 13 states...Read More »

  3. EnTech Environmental Acquires Environ Products

    EnTech Environmental Technologies, Inc., (OTC: EEVT) has signed a letter of intent to acquire Environ Products, Inc. of North Carolina. Environ provides underground fuel delivery systems which will serve as a complement to EnTech's operations. Terms of the acquisition have not been disclosed. However, EnTech expects that this acquisition will enable it to generate over $70 million in annualized revenues...Read More »

  4. Oregon Fines Army For Chemical Incinerator Problems

    The state of Oregon has fined the Umatilla Chemical Depot $184,800 for a computer error that kept two safety systems offline during tests last year. The Army and its contractor, Washington Demilitarization Co., can appeal the fine against the chemical weapons incinerator. The depot will destroy 3,717 tons of Army nerve agents and mustard gas over the next several years...Read More »

  5. IESI Reports End-Of-Quarter Results

    IESI Corporation has reported results from the three months ended March 31, 2004. Revenue increased more than 33 percent to $74.1 million, as compared to $55.4 million for the same period in 2003. Operating income over the period increased to $6.4 million from $3.4 million in 2003, and net loss was $1.2 million as compared to $501,000 in 2003. Company officials expressed satisfaction with the results, saying that inclement weather at its Northeast facilities kept the results from being even stronger...Read More »

  6. Versar Shows Improved Financial Results

    Versar Inc. has reported results for its third quarter of fiscal 2004, with gross revenues up 13 percent over 2003 to $15.1 million. This marks the company's fourth consecutive profitable quarter, and is due to an increase in subcontracted mold remediation work. Net income for the third quarter of fiscal 2004 was $21,000, versus a loss of $455,000 in the same period in 2003. The company now has a funded contract backlog of $50 million, with a total backlog of $350 million...Read More »

  7. USA Biomass Strikes Deal To Haul California Wood Chips

    USA Biomass Corporation (OTC: USBCQ) has entered into a two-year contract with Lake Arrowhead Forest Products, Inc. to transport wood chips from Lake Arrowhead, Calif. to the Bakersfield, Calif. area. The contract is expected to yield more than $1 million in revenue for USA Biomass. Bark beetle infestations have killed large numbers of trees in San Bernardino County, and the county has contracted LAFP to remove the dead trees. The chips will be sold as composting material and used for a local cogeneration plant...Read More »

  8. RecycleNet Reports Improving Earnings

    RecycleNet Corporation (OTC Bulletin Board: GARM) has reported net earnings of $16,110 on net revenues of $526,630 for its first quarter, compared with a net loss of $23,249 on net revenues of $427,819 for the same period of last year. The company's portal sales increased 86 percent over the first quarter of 2003, with gross profit also increasing 86 percent. The company is seeking capital to improve marketing efforts to capitalize on the $300 billion global market for recyclable materials...Read More »

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