FCC arm in US sold; CHP plant in Finland; SITA builds EfW plant in France; Aluminium smelter to close; Textile investments in Vietnam
FCC sells US arm
A subsidiary of Heritage-Crystal Clean has bought FCC Environmental in the US, which provides waste and recycling services focusing mainly on hydrocarbon-based waste streams.
The company has more than 30,000 customers with sales of approximately $160m during 2013, and operates from 34 sites in the eastern half of the United States.
The business was purchased from the parent company Fomento de Construcciones y Contratas, based in Madrid, Spain, for a reported $90m (£56m).
EfW plant in Finland
Andritz, an Austrian industrial technology manufacturer, has been selected by the Finnish utility company Riikinvoima to supply a 16 MW combined heat and power plant in Leppävirta, Finland. The new facility will treat 145,000 tonnes of waste a year collected by eight local waste management companies. The facility is expected to be ready the fourth quarter of 2016.
SITA builds EfW plant in France
SITA has been awarded a contract to construct an energy-from-waste plant at Greater Narbonne in Southern France. The deal is priced at €202m (£161m) over 20 years. Under the contract, it will develop an environment hub to recover materials and energy from around 90,000 tonnes of waste generated by 125,000 people. The hub will have a minimum recycling rate of 36% for bulky waste, waste from selective collection, biomass, wood waste, and residual household waste. SITA said that it will invest almost €8m in the facilities, which are due to be completed in spring 2017.
Waste Management World
Aluminium smelter to close down
Novelis plans to close its Ouro Preto aluminium smelter in Brazil by the end of the year because of high energy costs and low metal prices. The facility produces 18,000 tonnes a year and employs approximately 350 people.
Surge in textile industry investments in Vietnam
Chinese, Hong Kong and Taiwanese investors have increased their investments in garment and textile industry in Vietnam prior to the Vietnam-EU Free Trade Agreement (FTA) and Trans-Pacific Partnership (TPP), which will be signed in 2015. China-based Texhong Group has recently operated the first phase of another $300m (£187m) at Mong Cai City, Quang Ninh Province in Vietnam. The Hong Kong based TAL Group has built a $40m garment plant in Thai Binh Province and is now working with Hai Duong Province authorities on a 40 hectare fabric weaving and garment project.