Sims Metal Management: Don't Scrap This Aussie
Sims Metal Management Ltd. ADR is domiciled in Australia, however approximately 88% of its revenue is derived from operations outside Australia, including approximately 67% from the North America segment.
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#2 Jul 3, 2013
According to a release, Sims Metal Management ranked No. 15 on the worldwide rankings. The Global 100 ranking (click here to view the full list) recognizes companies that consistently demonstrate superior leadership and performance on a range of environmental, social and governance policies relative to their industry peers. Companies on the list are considered better equipped than their competitors to thrive and succeed in the long-term due to the sustainable and fully integrated approach used to manage their businesses.To know more visit http://www.recyclingtoday.com/smm-global-sust...
#3 Sep 27, 2013
Okay, I knew they were a pretty big operator, but didn't realise they had such a global presence. Guess they're pretty concerned by the new Scrap Metal Dealer Act the UK is currently rolling out. It's going to make a huge mess of the Scrap Industry, including ELV sites and operators. Unlike the rest of the wrold, the UK still has a lot of smaller dealers that collect and sell the wastes directly to the yards.
All that aside, SIMMS has a pretty small presence in the UK, when compared to EMR and a number of other operators.
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