Derichebourg’s full-year losses cut; Romania plans integrated waste management system; AD plant contract in France; South Korea to build Oman steel plant
Derichebourg narrows full year losses
French scrap recycling and services group Derichebourg has reduced its annual net loss to €8.4m (£6.6m) from €32.1m a year earlier. For the full-year ended 30 September, turnover fell 3% to €2.561bn. The operating result improved by almost half to €30.7m due to its recycling and environmental services division. The firm in its current financial year hopes to boost its recycling and environmental business “in spite of the difficult economic times”.
Integrated waste management system in Romania
Romania says it will have a modern integrated waste management system in Harghita County by the end of 2015, with over 70% of the funding from Europe. The investment will be over RON164m (£29m). The project will receive 15% of the money from Harghita County Council and 14% from the state budget.
Contract for anaerobic digestion facility in France
Sita has been awarded a 10-year management contract by Montpellier Agglomération to run the Amétyst anaerobic digestion facility in southern France. The firm will invest €10m (£7m) in turning the facility into a biogas, compost and solid recovered fuel hub. Under the new deal, the facility will process a further 33,000 tonnes of biowaste and double its heat and electricity output.
New recycling company in US
Zimmer America has announced the formation of a new company that will focus on growing recycling efforts in North America. The firm says that the company will provide project support, source machinery, and provide turnkey installation and start-up, as well as after sales service and spare parts.
Contract for Oman steel plant deal
POSCO Engineering & Construction, a unit of South Korean steelmaker POSCO has won contract from Oman-based Sun Metals to build a steelmaking and rolling mill plant at Sur industrial complex in the north east of the sultanate. A company statement said the plant will have a capacity to manufacture 2.5 million tonnes of billet, steel bar and special steel. Work will soon start on the project and is likely to be completed by the middle of 2016.