SOURCE: Sims Recycling Solutions U.S.
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.
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