SOURCE: Sims Metal Management

Sims Recycling Solutions U.S.

December 19, 2013 18:01 ET

Sims Metal Management Accepts Holiday Lights for Recycling

Consumers Can Recycle Their Old Christmas Lights Conveniently at a Local Facility

NEW YORK, NY--(Marketwired - December 19, 2013) - Sims Metal Management (ASX: SGM) (OTC: SMSMY), the world's largest metals and electronics recycler, announced they can accept all types of holiday lights for recycling this season. Both working and non-working incandescent or light emitting diode (LED) lights can be collected at your local Sims Metal Management facility.

Many people are updating their incandescent bulbs to LED lights because they last longer, save energy, and don't use heat, reducing fire hazard risks. Regardless of the type of bulb, when ready for disposal both types contain recyclable raw materials such as plastic, copper and glass.

"This Holiday season Sims Metal Management wanted to send out an important reminder for those replacing their holiday lights, to properly dispose of the old," stated Bob Kelman, president of Sims Metal Management, North America. "By recycling these old or broken lights with Sims, we can help keep the toxins in the electric cables from polluting local landfills."

Sims Metal Management has over 270 facilities on five continents, including North America. Some of the major locations include Chicago, Detroit, Las Vegas, Los Angeles, Memphis, Tenn., Morrisville, Pa., Phoenix, Providence, R.I., Redwood City, Calif., Richmond, B.C., Richmond, Va., Salt Lake City, Stamford, Conn., Toledo, OH, Trenton, N.J., Tulsa, Okla., and Worcester, Mass. To find a location near you, please visit the website, www.simsmm.com

Sims Metal Management

Sims Metal Management is the world's largest listed metal and electronics recycler with approximately 270 facilities and 6,300 employees globally. During fiscal year 2013 the Company generated approximately 63% of its revenue from operations in North America. The Company's ordinary shares are listed on the Australian Securities Exchange (ASX: SGM) and its ADRs are currently listed in the United States on the OTC Markets (OTC: SMSMY). Please visit our website (www.simsmm.com) for more information on the Company and recent developments.

Cautionary Statements Regarding Forward-Looking Information
This release may contain forward-looking statements, including statements about Sims Metal Management's financial condition, results of operations, earnings outlook and prospects. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project" and other similar words and expressions.

These forward-looking statements involve certain risks and uncertainties. Our ability to predict results or the actual effects of our plans and strategies is subject to inherent uncertainty. Factors that may cause actual results or earnings to differ materially from these forward-looking statements include those discussed and identified in filings we make with the Australian Securities Exchange and the United States Securities and Exchange Commission ("SEC"), including the risk factors described in the Company's Annual Report on Form 20-F, which we filed with the SEC on 16 October 2013.

Because these forward-looking statements are subject to assumptions and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this release.

All subsequent written and oral forward-looking statements concerning the matters addressed in this release and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this release. Except to the extent required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release.

All references to currencies, unless otherwise stated, reflect measures in Australian dollars.

Contact Information

  • For investor and media inquiries contact:
    Todd Scott
    Group Vice President of Investor Relations
    61 4 0960 0352