DS Smith buys Kaplast; US waste and recycling employment up; US abandons anti-dumping duties on Turkish steel; India not planning cuts on gold duties; Waste Management chief leaves
DS Smith acquires Croatian injection moulder
DS Smith has acquired Kaplast, a Croatia-based injection moulding company, which will be incorporated into DS Smith‘s rigid packaging operation’s injection moulded products business, whose main facility is at Bilzen in Belgium. Financial details of the transaction remain undisclosed.
US waste industry employment up
The employment rate in the US waste and recycling industry moved up by 300 jobs in August, reaching a new high of 382,500 employees, according to the Bureau of Labor Statistics. It marks the seventh consecutive monthly increase after adjusting for seasonal factors. The US unemployment rate fell slightly to 6.1%, down from 7.2% a year earlier.
US withdraws duties on Turkish steel rebar
The US has scrapped its decision to levy “anti-dumping” duties on steel rebar imports from Turkey. However, the country has confirmed duties on Mexican rebar of up to 66.7%.
Massive smuggling hits Nigerian textile market
Nigeria is said to be suffering losses of over NGN75bn (£283m) annually due smuggling of textile materials into the country. The National Union of Textile, Garment and Tailoring Workers said high manufacturing cost in Nigeria allowed room for cheap imports of foreign goods.
No immediate cuts on gold import duty in India
India is not planning any immediate cuts on gold import duties despite claims it has led to more smuggling. Duties were increased to 10% last year in a bid to narrow the country’s trade deficit. Commerce minister Nirmala Sitharaman told reporters: “I cannot say that gold smuggling has increased because of [the recent] hike in import duty.”
The Times of India
Waste Management’s recycling head goes
Bill Caesar has decided to step down as the president of the recycling division at Waste Management. The decision follows an organisational re-alignment in which the company is attempting to reduce its staff levels by as much as 10%.