SOURCE: Sims Recycling Solutions U.S.

Sims Recycling Solutions U.S.

August 21, 2013 14:04 ET

Sims Municipal Recycling Plays Supporting Role in Mayor Bloomberg's "Recycle Everything" Campaign

New Campaign Set to Double New York City's Recycling Rate by 2017

NEW YORK, NY--(Marketwired - August 21, 2013) -  Sims Municipal Recycling will play an integral role in New York City Mayor Bloomberg's "Recycle Everything" campaign which launched July 29, 2013. This new program is the largest expansion of New York City's recycling program in 25 years and is set to double the city's current recycling rate to 30 percent by 2017. Sims Municipal Recycling will be processing and marketing all of the city's metal, glass and plastic collected through the new and expanded recycling program.

"Our relationship with Sims has allowed City residents to recycle more types of plastics, making great strides in helping us meet the Mayor's recycling goal," said Sanitation Commissioner John J. Doherty. "We are thankful for this partnership and are looking forward to the future of a cleaner, greener New York City."

The expansion to the recycling program is expected to result in the diversion of more than 50,000 tons of waste -- the equivalent weight of approximately 3.4 Brooklyn Bridges -- from ending up in landfills. Prior to this expansion, the only plastics accepted were bottles and jugs. However, the new Sims Municipal Recycling site set to open later this year in Brooklyn, N.Y. will allow the City to also accept a wide range of rigid plastics such as toys, hangers, crates, tubs, and other food containers.

"This initiative comes at a great time for us as we prepare to open our state-of-the-art recycling plant in Brooklyn," stated Tom Outerbridge, General Manager for Sims Municipal Recycling. "This new facility will bring approximately 75 new jobs to the area and will include an education center to teach children about the importance of recycling."

Sims Municipal Recycling, a business of Sims Metal Management, just celebrated the one-year anniversary of its mobile education center known as Recyclarium. The Recyclarium was initially created as a pilot program to test exhibits, games and recycling information for Sims' new Sunset Park Recycling Education Center.

Please visit http://www.simsmunicipal.com to learn more about the New York City recycling process and for updates about the new recycling education center opening this fall.

Sims Metal Management

Sims Metal Management is the world's largest listed metal recycler with approximately 270 facilities and 6,600 employees globally. Sims' core businesses are metal recycling and electronics recycling. The Company's ordinary shares are listed on the Australian Securities Exchange (ASX: SGM) and its ADRs are listed on the New York Stock Exchange (NYSE: SMS). 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/A, which we filed with the SEC on 18 March 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.

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Contact Information

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