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Area Disposal Service, Inc., based in Peoria, Illinois, has acquired Casali and Sons Disposal, a commercial and residential waste hauler serving the Bloomington, Illinois area. Terms of the transaction were not disclosed.

Area Disposal will manage the Casali routes from its operation in Clinton, Illinois.

Published in the February 2016 Edition of American Recycler News

The board of directors of Commercial Metals Company (CMC) declared a regular quarterly cash dividend of $0.12 per share of CMC common stock.

The dividend was payable to stockholders of record as of the close of business on January 19, 2016. This cash dividend reflects CMC’s 205th consecutive quarterly dividend.

Published in the February 2016 Edition of American Recycler News

Peoria, Illinois based Peoria Disposal Company’s affiliate Area Recycling Inc. has acquired Midland Davis Corp.’s Pekin recycling division and facility. Terms of the transaction were not disclosed.

Area Recycling is retaining the Midland Davis staff currently operating the facility.

Published in the February 2016 Edition of American Recycler News

American Vanadium Corp. has entered into a Letter of Intent (LOI) with DMG MORI to acquire DMG MORI’s wholly owned subsidiary, Gildemeister energy storage GmbH (GES), manufacturer of the CellCube vanadium flow energy storage system. The LOI provides American Vanadium with the exclusive right to enter into a share purchase agreement (SPA) on or before February 29, 2016.

With numerous international, successfully realized and independent reference projects, GES is a leading supplier of proven and commercially available vanadium flow battery systems. Thus far, GES’s installed base of CellCube energy storage systems have accumulated almost two million hours of continuous operation.

CellCube’s patented flow battery technology delivers major benefits to the modern energy market place resulting from a lifetime of 20+ years and unlimited cycles, achieving a low levelized cost of electricity and total cost of ownership compared to other storage technologies.

American Vanadium is working with its advisors to develop a financing plan for the acquisition of GES. Various alternative structures are being evaluated, including the establishment of a wholly-owned subsidiary (Newco) for the acquisition and a subsequent financing of Newco. American Vanadium will release further details once plans are finalized.

It is expected that the shares of American Vanadium will remain halted until the SPA is executed and further details of the transaction are finalized.

Published in the February 2016 Edition of American Recycler News

Declining Asian consumer and industrial demand, made worse by a strong dollar, has cut into U.S. export volumes and eroded U.S-Asia freight rates to the point where some dry cargoes are moving at levels which make them less attractive to carriers than repositioning empty containers.

As a result, member container lines in the Transpacific Stabilization Agreement (TSA) have agreed on the need for an across-the-board increase in dry cargo rates, effective February 1, 2016.

The recommended general rate increase (GRI) is in the amount of $100 per 40 foot container (FEU) for cargo moving via the U.S. West Coast, and $200 per FEU for cargo moving via the U.S. East and Gulf Coasts. The GRI will not apply to refrigerated shipments, which are rated separately.

TSA executive administrator Brian Conrad noted that westbound cargo volumes are likely to post negative growth for 2015, as orders have slowed over all, and as sourcing for many goods and raw commodities have shifted to countries with more favorable exchange rates.

Published in the February 2016 Edition of American Recycler News

The American Public Works Association (APWA) announced that Patricia  A. Hilderbrand, MPA, PE, division manager of coordination services for the Kansas City Public Works Department, has been appointed to the Institute for Sustainable Infrastructure (ISI) board of directors. Hilderbrand was appointed to the 11-member ISI Board by APWA president Brian Usher, PWLF.

Within Hilderbrand’s career in the Kansas City Public Works Department, her responsibilities have included project management of major flood mitigation projects with the U.S. Corps of Engineers; direction of the department’s five year Capital Improvements Program; direction and implementation of a city-wide, comprehensive Internet program and project management system; management of the city’s transit contracts; and service as liaison to the city’s primary Metropolitan Planning Organization, MoDOT, Railroads, Transit authority, counties and franchises.

Hilderbrands also oversees a staff of 16 employees including the Public Information Officer, the customer service group, the asset management team and project controls manager, as well as the city bicycle and pedestrian coordinator, right-of-way management team and utility coordinator.

Published in the February 2016 Edition of American Recycler News