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Guanwei Recycling Corp., a  clean tech manufacturer of recycled low density polyethylene in China, disclosed that Howard S. Barth, CPA CA, has stepped down from the Guanwei board of directors.

Barth said his departure was for personal reasons.

Published in the September 2014 Edition of American Recycler News

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eRecyclingCorps (eRC) has hired Mauro Montanaro as managing director of APAC (Asia Pacific). Montanaro’s telecommunications experience in the Asia Pacific market will help guide eRC as the company continues to grow its global operations.

Montanaro began his career at Nokia and rose to vice president of sales, multimedia and customer and market operations for South East Asia Pacific, where he managed a 44 member distributor network and 70,000 retailer points of sales networks across 14 countries. Montanaro  later became chief executive officer and president of Fox Mobile Group. Montanaro  held leadership positions at Microsoft and Newkia prior to joining eRC.

Montanaro earned his law degree with honors from the Universita’ di Bologna, Italy and completed his MBA at the Helsinki School of Economics & Manchester Business School.

Published in the September 2014 Edition of American Recycler News

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Huron Capital Partners and Bandit Industries have entered into a letter of intent to recapitalize Bandit as a private company, and to provide resources and capital to reinforce Bandit’s continued record growth while accelerating the company’s global growth strategy. Jerry Morey will continue to run the business as president and chief executive officer. Upon closing, a chief executive officer succession plan will be initiated to recruit and train a top caliber executive to lead the business into its next phase of growth. Mike Morey Sr. and Dianne Morey will remain with the company in consulting roles. Bandit will be co-owned by Jerry Morey, Mike Morey, Dianne Morey and Huron Capital. The investment is expected to close in early fall 2014.

Bandit Industries will remain at its current 280,000 sq.ft. headquarters between Remus and Mount Pleasant, Michigan. All existing operations, including the workforce, management teams, distribution and dealer network will remain in place.

Published in the September 2014 Edition of American Recycler News

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The Timken Company board of directors declared a quarterly cash dividend of $.25 per share. The dividend is payable on September 3, 2014, to shareholders of record as of August 19, 2014.

This marks the 369th consecutive quarterly dividend paid on the common shares of the company since The Timken Company joined the New York Stock Exchange in 1922, one of the longest-running dividend records among NYSE-listed companies.

Published in the September 2014 Edition of American Recycler News

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Masaba expanded its sales force with the addition of industry veteran, Bob Brewer, as the western region sales manager.  

In his new role, Brewer will be responsible for sales activities and managing customer relationships in the western U.S.

Published in the September 2014 Edition of American Recycler News

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E-Pellets, LLC has acquired the formerly shuttered Louisiana Pacific OSB mill in Athens, Georgia. The company plans to convert the mill into a wood pellet production facility, producing approximately 450,000 metric tons annually. The wood pellets will be exported to the European Union to be used as an alternative to coal as fuel in power plants.

E-Pellets has a long-term port agreement with Georgia Kaolin Terminal, Inc., which provides E-Pellets sufficient port capacity to export up to 1.35 million metric tons per year of wood pellets through the port facility in Savannah, Georgia. E-Pellets previously purchased another underperforming production facility in Nahunta, Georgia and is expanding the production volume. All of the wood pellets are contracted to be sent to European power producers.

Newly appointed chief executive officer Doug Albrecht leads a seasoned management team. Albrecht is the owner and operator of a major pulp, paper and forestry products company in South America. He is supported on the ground by Chief Operating officer Ken Ciarletta, logistic manager Mark Newhart, development by Ben Easterlin and general administration by Keith Hulbert.

Published in the September 2014 Edition of American Recycler News

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