Sims Metal Management Unveils Strategic Plans to Invest in Latest Technologies

SEATTLE (Scrap Monster): Sims Metal Management- the global leader in metals and electronics recycling has unveiled plans to invest in latest technology, as part of its multi-year strategic growth plan. The plan also focuses on diversification of its portfolio to include municipal recycling services.

The company plans to double its non-ferrous business by 2025. Also, it targets 40% growth to ferrous business in the U.S. Sims Metal Management also plans notable increase in e-waste recycling services so as to emerge as the leading e-recycler of data storage centers. In addition, it plans to implement better municipal waste handling techniques, which in turn will help the company to secure additional large city municipal contracts over the next six years.

As part of new business goals, the company plans to expand into waste-to-energy, by installing and operating 7 plants within the next decade. Further, it plans to expand its joint venture partnership with LMS Energy to other parts of the world, with the ultimate aim of building a minimum of 50 MW of sites by 2025.

Sims Metal Management will continue capital investment in latest technologies to fuel innovation, in order to become a global leader in circular economy and create a world without waste. To achieve these goals, the company will collaborate with other recycling companies and industry groups such as the World Business Council on Sustainable Development (WBCSD).

The investment in latest technologies can deliver environmental objectives and lead to better financial and operating results, said Alistair Field, Group Chief Executive Officer and Managing Director, Sims Metal Management.