RECYCLING TODAY GARNERS NATIONAL AWARD
The Recycling Today Media Group and its staff have been honored with a national magazine award for the graphic re-design that took place in early 2003.
At its national convention and awards ceremony, which took place in Philadelphia in late June, the American Society of Business Press Editors (ASBPE) presented Recycling Today with a bronze award for its re-design.
Recycling Today art director Karen Angus, who lead the re-design, accepted the award.
The re-design’s notable features included a new logo; a cleaner look achieved by boxing in editorial content; new fonts used throughout the magazine; and a contents page with additional photos and a reader-friendly layout.
Recycling Today also received two regional ASBPE awards for the publication’s re-design and for the computer-generated illustration on the cover of the March 2003 issue, which also won second place in the Cleveland Press Club’s Ohio Excellence in Journalism Awards.
A RIVER RUNS NEAR IT
A long-time scrap yard site along the Ohio River in Louisville, Ky., has been put up for sale by the David J. Joseph (DJJ) subsidiary that last operated there.
The Klempner Bros. operated the 20.5-acre site from the early 1970s until the late 1990s, when that company was purchased by DJJ and made part of its River Metals Recycling LLC operating division. Operations from the former Klempner property were consolidated into other Louisville area locations, with the riverfront location having been idle for one year now.
The asking price is $3 million, and most of the land is zoned for industrial use.
OMNISOURCE ADDS ADMETCO TO FOLD
OmniSource Corp., Fort Wayne, Ind., has remained in its expansion mode, most recently staying close to home by purchasing the former Admetco Inc., also of Fort Wayne.
The acquisition by OmniSource was completed in early July. Admetco Inc. specializes in copper recycling and wire chopping.
OmniSource estimates that the acquisition will add $100 million in sales and 125 million pounds of annual nonferrous scrap volume to its nonferrous operations.
"The Admetco acquisition represents a significant addition to our nonferrous segment," remarks Danny Rifkin, president of OmniSource. "While we are certainly excited about the sizeable volume growth, we are even more pleased that the principals and many key employees will be joining our organization, offering customers expanded services and a seamless transition. We expect to realize substantial synergies arising from the consolidation of processing capacity, which is critical to be a low-cost producer in the highly competitive nonferrous marketplace."
Larry Adelman, president of Admetco Inc., has also indicated satisfaction with the deal. "We are certainly excited about joining the OmniSource organization and we look forward to the opportunity to expand our services to customers and suppliers. We are proud of our achievements over 27 years in the scrap recycling business and we are now pleased to be joining forces with the nation’s premier full-service scrap metal processor."
BUILT TO LAST
In a climate of higher pricing, the steel industry is touting durability as a selling point for steel framing in the residential construction market.
A five-year research initiative was sponsored by the International Lead and Zinc Research Organization and completed by the National Association Home Builders Research Center. The study, made available by the Steel Framing Alliance, Washington, found that galvanized steel beams can have a life expectancy of more than 1,200 years in some applications.
Tests were conducted with steel framing components simulating climates in Florida, Maryland, New Jersey and Ontario, so the galvanized steel would be exposed to a variety of climatic conditions.
The report is available on the Steel Framing Alliance Web site at www.steelframingalliance.com.
Steelmakers will need some positives to offer construction contractors regarding their material, as many have been knocked for a loop by escalating prices.
In many cases, these firms experienced financial problems during the economic slowdown of 2001 and 2002. Just as it looked like a turnaround was in the offing, the soaring cost of steel threw off their profit-and-loss variables.
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