Friday News In Brief

Norfolk Waste To Go To Suffolk Facility?

Local press reports are today suggesting that waste from Norfolk could soon be sent to an energy from waste facility in Suffolk. The facility, at Great Blakenham near Ipswich, is being built by Sita and is due to begin operation this summer as part of a 25-year contract. It will handle all of the country’s waste, with some capacity to spare, and it has been revealed that councillors are in discussions for some of Norfolk’s waste to fill that gap, with up to 30,000 tonnes per year for a “limited period”.

George Nobbs, leader of Norfolk County Council, confirmed in the local press that “informal talks” had taken place and that if it should go ahead it would be “in no way an alternative to the long-term solution”.

Jamaica Says It’s Time To Recycle Now

A collective of Jamaican businesses have joined forces to help fund a new national recycling initiative in the country. Recycle Now Jamaica – a public/private partnership with the government – will receive more than €23m from the businesses, and more than @50m each year from the government.

The funding generated will be used to help establish satellite depots in strategic locations across the island, on property provided by the Government, to facilitate collection by workers employed under the Jamaica Emergency Employment Programme scheme. At the depots, collectors will be paid for the PET waste, and the clear plastic bottles will be baled and taken to a consolidation and logistics hub in Kingston and exported.

Smurfit Kappa Profits Fall 8% In 2013

Announcing its end of year results for 2013, Smurfit Kappa has revealed an 8% fall in profits, from €319 to €294.  It did, however, report a return on capital employed of 13.1% (up from 12% in 2012) and in increase in revenue of 8%.

Gary McGann, Smurfit Kappa Group CEO commented: “During 2013 the Group has completed its main financial restructuring activity moving from being a leveraged company to achieving a corporate credit profile. As a consequence, the profile of the Group has fundamentally changed and the progress made offers the company a wide range of strategic and financial options.

“For 2013 the Group is pleased to announce a full year EBITDA performance of over €1.1 billion and a return on capital employed of over 13%. With a weaker though improving year-on-year performance in Europe, the Americas has been a strong source of earnings growth in 2013 and continues to provide the Group with geographic diversity and exposure to higher growth markets.”


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