Iron Mountain reported $1.6 billion in revenue for the first quarter, an increase of 7.8% compared to the same period last year, and Echo saw sales growth jump by 8.8% on the year. | JHVEPhoto/Shutterstock
Recent earnings reports from Iron Mountain and ITAD company Echo’s parent company showed overall growth and pointed to headwinds in data center decommissioning and personal devices. Continue Reading
The announcement is the latest in a yearslong string of financial troubles for Li-Cycle. | Around the World Photos/Shutterstock
Li-Cycle, once poised to build the first lithium-ion battery recycling facility of its kind in North America, is changing its leadership and limiting operations as it tries to sell the business or its assets. Continue Reading
The Mamba Board line features composite boards made from recycled e-plastics. | Courtesy of RePolyTex
E-plastics processor Synergy Electronics Recycling and its subsidiary, RePolyTex, have expanded their product line of composite boards made with recycled e-plastics and recently earned recognition from the Carolina Recycling Association. Continue Reading
CalRecycle adjusts the amounts paid to recyclers to cover the average net costs of collecting and recycling covered products every year. | Anake Seenadee/Shutterstock
The California Department of Resources Recycling and Recovery has proposed increasing some payment rates for processors who participate in the state e-scrap program. Continue Reading
Company leaders said CTL’s acquisition of 3R Technology will open up new growth opportunities for both companies. | Loocmill/Shutterstock
CTL Corporation, an Oregon-headquartered cloud-computing company with a focus on education and enterprise, acquired ITAD firm 3R Technology in a move to create a one-stop shop for clients of both companies. Continue Reading
CEAR in 2024 processed 12 million pounds of electronics at its electronics recycling facility in the Sacramento area. | Photo courtesy CEAR
Longtime e-scrap and IT asset disposition firm CEAR has received an investment from a Texas-based capital firm, priming the ITAD operation for future growth. Continue Reading
Li-Cycle announced that without additional funding, it will not be able to continue operations or draw down its federal loan. | T. Schneider/Shutterstock
Facing continuing losses year over year, lithium-ion battery processor Li-Cycle voiced concern in recent SEC filings about its ability to “achieve or sustain profitability” and repay its debts, as it has for several years. Continue Reading
The ESG calculator will be co-branded as an e-Stewards and Bloom ESG tool. | SWKStock/Shutterstock
E-scrap certification program e-Stewards endorsed an environmental benefits calculator from Bloom ESG, a London-based advisory firm, that can be used to quantify avoided carbon emissions and other benefits of e-scrap recycling and reuse. Continue Reading
S3 Recycling Solutions has a flagship warehouse location in Springfield, Tennessee, along with a recent acquisition in Southern California. | Photo Courtesy of S3 Recycling Solutions
A Tennessee-based ITAD firm has acquired the assets of a nearby nonprofit that recently shut its doors following a five-year run. Continue Reading
Camston Wrather owes creditors more than $100 million, according to the bankruptcy trustee. | Photo Lab/Shutterstock
The trustee overseeing circuit board processor Camston Wrather’s bankruptcy has asked the court to dismiss the case altogether, saying that no buyers are interested in a full-facility sale, cash reserves are drying up fast, and parting it out for specific equipment sales will not provide meaningful recovery for creditors. Continue Reading