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Waste Business Journal Weekly News Bulletin: Mar. 6-12, 2006

Headlines...

  1. Waste Industries Reports Results For 2005
  2. Gundle/SLT Releases Fourth Quarter, Full Year Results For 2005
  3. Verizon Expands Recyclable Products Collection Program
  4. Stericycle Acquires UK Medical Waste Group
  5. Chamber Of Commerce Calls On Government to Pay Cleanup Share
  6. Federal Court Sentences Dry Cleaning Collector for Violations

 

  1. Waste Industries Reports Results For 2005

    Waste Industries USA (Nasdaq: WWIN) has reported results for the full year 2005. For the twelve months ended Dec. 31, 2005, revenue grew from $285.9 million to $310.2 million. Operating income rose 5.4 percent to $29.7 million from $28.2 million...Read More »

  2. Gundle/SLT Releases Fourth Quarter, Full Year Results For 2005

    Gundle/SLT Environmental has reported a net loss of $353,000 for the quarter ended Dec. 31, 2005, compared with net income of $271,000 for the same period in 2004. Revenues for the fourth quarter of 2005 were $73.4 million, up from $67.4 million for the fourth quarter of 2004. For the year, Gundle recorded net income of $694,000, down from $1.99 million in 2004. Revenues for 2005 were $317.6 million, up from $287.9 million in 2004. Company officials said that the decline in business from domestic customers was offset by higher sales in international markets...Read More »

  3. Verizon Expands Recyclable Products Collection Program

    In response to California's state law prohibiting residents from dumping cell phones and batteries in municipal waste, Verizon Wireless is now accepting all dead rechargeable batteries, not just cell phone batteries, for recycling year-round. In 2005, more than 850,000 phones were donated to Verizon's "HopeLine" program, which refurbished and resold the phones. The company has taken in a total of 2.5 million phones since the national program's inception in 2001...Read More »

  4. Stericycle Acquires UK Medical Waste Group

    Stericycle Inc. has purchased Sterile Technologies Group Ltd., a medical waste management business based in Ireland and the United Kingdom. Stericycle paid $131 million, of which $114 million was cash and $17 million was assumed debt. The acquisition is expected to add about $46 million to Stericycle's revenues for this year; Sterile Technologies had revenues of about $55 million in 2005...Read More »

  5. Chamber Of Commerce Calls On Government to Pay Cleanup Share

    The U.S. Chamber of Commerce has called on the federal government to pay "its fair share" to clean up sites contaminated with municipal and toxic wastes. The statement arose in connection with the case of Raytheon Aircraft Co. v. the United States, in which the federal EPA required Raytheon to clean up pollutants at a Kansas airport owned and operated by the U.S. military during World War II...Read More »

  6. Federal Court Sentences Dry Cleaning Collector for Violations

    A federal court has sentenced a Los Angeles man to 37 months in jail, and has required he pay $1.3 million in cleanup costs for mishandling hazardous dry-cleaning waste. Behzad Kahoolyzadeh, owner of AAD Distribution and Dry Cleaning Services, was one of the largest handlers of dry-cleaning waste in the state; the company handled the compound PERC. According to the state, AAD shipped PERC waste offsite and stored them offsite in facilities that were not permitted to store hazardous waste, then allegedly falsified manifests to conceal the illegal shipments...Read More »

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