News

An Ohio-based specialist in ITAD and electronics reuse has acquired the electronics recycling arm of Hugo Neu.

Sage Sustainable Electronics this week announced it acquired Hugo Neu Recycling, which is based in New York. The deal was a non-cash transaction, according to Sage CEO Bob Houghton. Hugo Neu will become a wholly owned Sage subsidiary.

After closing and consolidating operations in North America and the U.K., the e-scrap business of Sims Metals Management has posted promising results.

Results from the recently completed 2015 fiscal year (FY), which ran from July 1, 2014 to June 30, 2015, show increased revenues from Sims' tightened global e-scrap operations. Revenues from the e-scrap wing of the company, Sims Recycling Solutions (SRS), totaled about $795 million in Australian dollars ($557 million in U.S. dollars).

Dynamic Recycling has purchased some of the assets of the defunct e-scrap company Materials Processing Corp.

Onalaska, Wis.-based Dynamic purchased Materials Processing Corp.'s (MPC) intangible assets, including customer lists, its enterprise system and salesforce contacts, Dynamic Recycling CEO Miles Harter told E-Scrap News. It also bought a baler and is looking to purchase forklifts, he said.

Materials Processing Corp., the Minneapolis-based e-scrap company fined by state regulators for improper storage of CRTs, has shut down operations.

The Minneapolis Star Tribune reports MPC shut down in the wake of state fines, the loss of e-Stewards certification and a drop in commodity prices.

An Oregon-based e-scrap processor says government regulation practices and tough commodity markets have led the company to relocate shredding operations to Texas. Export Global Metals (EG Metals) has battled with state environmental regulators over compliance with stormwater regulations at its Portland, Ore.-area facility. The state Department of Environmental Quality (DEQ) in January fined the company, alleging it exposed e-scrap to the elements. EG Metals disputed the allegation and appealed the fine. As of Aug.

Researchers funded by the U.S. government have developed an easier and cheaper way of extracting rare earth elements from magnets in electronics. Now the method will be used by a publicly traded company.

The technology, developed by the U.S. Department of Energy's Critical Materials Institute, is being licensed to Texas-based U.S.

The leader of Sims Recycling Solutions says the e-Stewards certification no longer makes business sense for the major electronics processor. He added that recent e-Stewards decisions on prison labor and CRT glass have started to "water down" the standard.

SRS, the e-scrap wing of publicly traded Sims Metal Management, had all nine of its U.S.

Flat-panel display processor 3S International has closed its operations in Illinois and Michigan and filed for Chapter 11 bankruptcy with hopes of reorganizing the company.

In a statement sent to E-Scrap News, CEO Joe Yob said bankruptcy will "allow 3S to strategically reposition the company to better meet the current and future needs for the recycling of panel displays and other mercury-containing electronics."

Sage Sustainable Electronics has unveiled what it hopes can be the Kelley Blue Book of the e-scrap industry.

Columbus, Ohio-based Sage announced the public launch of the Sage BlueBook, a website providing estimates of values of e-scrap. The free beta version is the world's largest source of pricing information for used computing devices, according to Sage.

Electronic Recyclers International has teamed up with iFixit to move further into reselling working parts and pieces of devices instead of shredding them.

First reported by The Wall Street Journal, the partnership will see ERI's operations across the country set aside large quantities of tested and working parts for iFixit to resell online alongside its traditional offering of tools and free repair manuals.