OMNISOURCE, CRG COMBiNE SOUTHERN OPERATIONS
Carolinas Recycling Group LLC (CRG), Spartanburg, S.C., has reached an agreement with OmniSource Corp., Fort Wayne, Ind., to merge three southern OmniSource facilities into CRG’s operations.
The arrangement, which was announced in mid-May, means CRG has 11 scrap facilities. The three former OmniSource locations folded into CRG include one in Spartanburg and two in Athens, Ga.
OmniSource will remain involved in managing the company, as OmniSource CEO Danny Rifkin becomes chairman of the board of CRG. Marvin Siegel will continue as president and CEO of CRG.
"The new Southeast locations will become an integral part of CRG, and our association with OmniSource will enhance our ability to continue our growth while achieving a higher level of customer service and quality," says Siegel.
CRG had sales of $150 million last year. The company was created several years ago through the merger of four companies and the subsequent acquisition of a fifth company.
RT PUBLISHER EARNS VP TITLE
James R. Keefe, Group Publisher of the Recycling Today Media Group, has been promoted to a corporate vice president position at GIE Media Inc., the Cleveland-based parent company of Recycling Today. In the announcement, GIE Media President and CEO Richard Foster praises Keefe’s management of the Recycling Today Media Group. "Jim joined GIE Media as a sales marketer in 1991 and was promoted to publisher of Recycling Today magazine in 1997," notes Foster. "Through Jim’s leadership, GIE’s recycling industry media business has expanded dynamically. New product development spearheaded by Jim includes Construction & Demolition Recycling and Secure Destruction Business magazines; the creation of the North American Scrap Metals Directory; the creation of the Paper Recycling Conference & Trade Show; and the development of dynamic Internet news services for recycling markets." The Recycling Today Media Group publishes the three magazines mentioned above plus two industry directories. It also operates the RecyclingToday.com and CDRecycler.com Web sites and related e-newsletters, and manages the Paper Recycling Conference & Trade Show and co-manages the C&D World Expo. SCRAP FLOW RESTRICTIONS CALLED FOR
Following the lead of some in the iron and steel industries, two nonferrous metals industry groups have formally requested that the government exercise its legal authority by temporarily monitoring and restricting U.S. exports of copper scrap and copper-alloy scrap. The petition cites rising demand in China as being responsible for the "excessive drain of the scarce metals materials" and the resulting price increases and shortages in the U.S. market. "The U.S. brass mill industry and brass and bronze foundries are particularly hard hit by this scenario, given that they account for a substantial majority of all copper scrap and copper-alloy scrap consumed in the United States," says Joseph Mayer, president and general counsel of co-petitioner Copper and Brass Fabricators Council Inc., Washington. James L. Mallory is executive director of the Non-Ferrous Founders’ Society of Park Ridge, Ill., also a petitioner. Statistics presented in the petition point to the rapid increases in exports of copper and brass scrap as the primary cause of dwindling domestic supply and sharp price increases in recent years. The two petitioners claim that adequate volumes and reasonable prices for these essential raw materials are central to meeting the U.S. economy’s needs successfully. "Such scrap, however, is now in very short supply and obtainable only at high and rising prices," the petition concludes. "It is just this sort of predicament that Congress intended to address in the Export Administration Act by means of temporary export controls and monitoring of exports and contracts for exports." Within 105 days of the mid-April filing, the U.S. Department of Commerce must determine whether to impose temporary monitoring and export controls.
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