Visy Acquires Owens-Illinois Business
Buyer’s Guide BALERS (HORIZONTAL)
Visy Industries, a large recycling and packaging firm based in Melbourne, Australia, has entered into a definitive agree- ment to acquire the Australian and New Zealand glass man- ufacturing business of Owens-Illinois Inc. in a deal worth AU$1 billion (or about $715 million). Upon the close of the acquisition, Visy plans to employ 7,200 people in manufacturing jobs as a result. Pratt adds that Visy will bring a“sustainability culture” to O-I, aiming to increase the recycled content of glass bottles from one-third to two-thirds. O-I is the largest manufacturer of glass bottles and containers in Australia and New Zealand, with factories in Sidney, Melbourne, Brisbane,Adelaide and Auckland. Tuscaloosa Suspends Curbside Recycling Tuscaloosa, Alabama, has seen an increase in the amount of trash for curbside pickup in 2020, with nearly double the volume of trash collected in the last three months com- pared with this same time period in 2019.The city plans to transition some of its workers who had helped with curb- side recycling routes to assist on trash routes to address the increased volume in trash. The city reported that it is still keeping recycling drop-off sites open and free of charge while curbside recycling is sus- pended. Additional manned drop-off sites will also open at a different location each regular route day to help residents with recycling during the suspension. Republic Releases Sustainability Report Republic Services Inc., Phoenix, released its annual Sus- tainability Report on July 22.The report highlights the com- pany’s progress and achievements toward meeting its 2030 sustainability goals announced last year. The company’s Blue Planet: 2030 Goals include: • Safety amplified :Have no employee fatalities and reduce its Occupational Safety and Health Administration (OSHA) Total Recordable Incident Rate (TRIR) to 2.0 or less by 2030 • Engaged workforce :Achieve and maintain employee en- gagement scores at or above 88 percent by 2030 • Climate leadership : Reduce absolute Scope 1 and 2 greenhouse gas emissions by 35 percent by 2030 (with a 2017 baseline year), approved by the Science-Based Targets initiative • Circular economy : Increase recovery of key materials by 40 percent on a combined basis by 2030 (with a 2017 baseline year) • Regenerative landfills : Increase biogas sent to beneficial reuse by 50 percent by 2030 (with a 2017 baseline year) • Charitable giving : Positively impact 20 million people by 2030 In 2019, Republic became the first U.S. recycling and solid waste services provider to have its emissions reduction tar- get approved by the Science-Based Targets initiative.
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6 August 10, 2020 Recycling Markets
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