Kuusakoski made waves in the CRT processing world over its decade and a half in the U.S. | Photosync/Shutterstock[/caption]
Kuusakoski US will close its two Illinois electronics and CRT glass processing facilities and exit the U.S. altogether, refocusing on its European operations after what the company described as severe, prolonged financial challenges in the U.S.
Headquartered in Espoo, Finland, the company operates two U.S. facilities in Illinois, in Peoria and Plainfield. In a Jan. 17 statement, the company announced those facilities will shutter this year, adding the decision came down to economics.
"Following a thorough evaluation of the company's strategic objectives and extensive consideration of all potential alternatives, Kuusakoski has made the difficult decision to close its business operations in the United States," the company wrote. "This decision was made following severe prolonged challenges the company faced with profitability in the U.S. market. Despite numerous efforts to stabilise and turn the operation around, the financial performance has not met expectations."
As a result, the two U.S. facilities "will be closed down and operations stopped in a controlled manner during 2025," the company added. Local news reporting indicated the company stopped accepting material effective immediately.
The city of Peoria noted Kuusakoski's closure on its website, directing residents to other nearby electronics recycling options. And the closure caused hauler GFL to stop accepting electronics for drop-off recycling in some locations because the drop-off was tied to Kuusakoski's presence.
Jason Linnell, executive director of the National Center for Electronics Recycling, which plays a role in several state programs around the country, said the closure will have some impacts on the Illinois state program because the company serviced a few of the program's collection sites. The program will shift to other contracted electronics recycling companies for those sites, he added.
Kuusakoski's statement noted the company "will continue to focus on its operations in regions where the company can create the most value in the circular economy." It operates numerous sites in Finland and Sweden as well as locations in the U.K., Estonia and China. The company primarily handles metals and electronics.
[caption id="attachment_25695" align="aligncenter" width="933"]
Kuusakoski made waves in the CRT processing world over its decade and a half in the U.S. | Photosync/Shutterstock[/caption]
Kuusakoski US will close its two Illinois electronics and CRT glass processing facilities and exit the U.S. altogether, refocusing on its European operations after what the company described as severe, prolonged financial challenges in the U.S.
Headquartered in Espoo, Finland, the company operates two U.S. facilities in Illinois, in Peoria and Plainfield. In a Jan. 17 statement, the company announced those facilities will shutter this year, adding the decision came down to economics.
"Following a thorough evaluation of the company's strategic objectives and extensive consideration of all potential alternatives, Kuusakoski has made the difficult decision to close its business operations in the United States," the company wrote. "This decision was made following severe prolonged challenges the company faced with profitability in the U.S. market. Despite numerous efforts to stabilise and turn the operation around, the financial performance has not met expectations."
As a result, the two U.S. facilities "will be closed down and operations stopped in a controlled manner during 2025," the company added. Local news reporting indicated the company stopped accepting material effective immediately.
The city of Peoria noted Kuusakoski's closure on its website, directing residents to other nearby electronics recycling options. And the closure caused hauler GFL to stop accepting electronics for drop-off recycling in some locations because the drop-off was tied to Kuusakoski's presence.
Jason Linnell, executive director of the National Center for Electronics Recycling, which plays a role in several state programs around the country, said the closure will have some impacts on the Illinois state program because the company serviced a few of the program's collection sites. The program will shift to other contracted electronics recycling companies for those sites, he added.
Kuusakoski's statement noted the company "will continue to focus on its operations in regions where the company can create the most value in the circular economy." It operates numerous sites in Finland and Sweden as well as locations in the U.K., Estonia and China. The company primarily handles metals and electronics.
Kuusakoski made waves in the CRT processing world over its decade and a half in the U.S. | Photosync/Shutterstock[/caption]
Kuusakoski US will close its two Illinois electronics and CRT glass processing facilities and exit the U.S. altogether, refocusing on its European operations after what the company described as severe, prolonged financial challenges in the U.S.
Headquartered in Espoo, Finland, the company operates two U.S. facilities in Illinois, in Peoria and Plainfield. In a Jan. 17 statement, the company announced those facilities will shutter this year, adding the decision came down to economics.
"Following a thorough evaluation of the company's strategic objectives and extensive consideration of all potential alternatives, Kuusakoski has made the difficult decision to close its business operations in the United States," the company wrote. "This decision was made following severe prolonged challenges the company faced with profitability in the U.S. market. Despite numerous efforts to stabilise and turn the operation around, the financial performance has not met expectations."
As a result, the two U.S. facilities "will be closed down and operations stopped in a controlled manner during 2025," the company added. Local news reporting indicated the company stopped accepting material effective immediately.
The city of Peoria noted Kuusakoski's closure on its website, directing residents to other nearby electronics recycling options. And the closure caused hauler GFL to stop accepting electronics for drop-off recycling in some locations because the drop-off was tied to Kuusakoski's presence.
Jason Linnell, executive director of the National Center for Electronics Recycling, which plays a role in several state programs around the country, said the closure will have some impacts on the Illinois state program because the company serviced a few of the program's collection sites. The program will shift to other contracted electronics recycling companies for those sites, he added.
Kuusakoski's statement noted the company "will continue to focus on its operations in regions where the company can create the most value in the circular economy." It operates numerous sites in Finland and Sweden as well as locations in the U.K., Estonia and China. The company primarily handles metals and electronics.
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