Triton acquires Befesa; Improved waste management in Mexico; WEEE recycling facilities in the US
Abengoa offloads Befesa to Triton Partners
Spanish environmental technologies company Abengoa has sold its industrial waste management specialist Befesa Medio Ambiente to Triton Partners, in a transaction that values the unit at €620m (£493m). Befesa manages industrial waste plants in Europe, Asia and South America, while recycling wastes from steel and aluminium recycling. The deal was finally closed on 15 July 2014, following the signing off on the deal by the competition authorities. Javier Molina, CEO of Befesa, will continue to be at the helm and will be looking to work with Triton.
Improved waste management being sought in Mexico
Mexico is looking to improve waste management practices, with the reuse of disposed materials as its key focus. The country’s federal government is working alongside state and local entities to construct inter-municipal landfills and integrate waste management services.
Rusal unlikely to begin Boguchansk aluminium smelter in 2014
Russia-based Rusal is not likely to commence production in 2014 at its Siberian Boguchansk aluminium smelter (BEMO) project that includes a hydropower plant and an aluminium smelter. The BEMO is being funded by Rusal and hydroelectric power producer Rushydro.
Vietnamese textile plant to commence in August
Vietnam National Textile and Garment Group’s Phu Hung textile plant in the central province of Thua Thien-Hue will begin operations in August. The unit is being built with an investment amount of VND258bn (£7m) in Vietnam’s Phu Bai Industrial Park. As soon as it becomes operational, the new spinning facility will have production capacity of about 240 tonnes of cotton yarn per month. Some of the products made at the new textile mill are likely to be exported to Taiwan and Turkey.
WEEE recycling facility opens in Illinois
3S International’s first WEEE recycling plant spanning 60,000 sq ft has been opened in Tinley Park, Illinois. The unit is the only US housing of its Bluebox technology. The technology can shrink electronics into recyclable fragments and safely extract rare earth elements, including mercury.
WEEE recycling plant in Colorado to open in September
US-based Electronic Recyclers International is to open a WEEE recycling unit in September 2014 at 3250 Abilene Street in north Aurora, US. The new centre will measure 81,000 sq ft and will be more the double the size of its existing facility in Denver.