Latest Humanity.com News
Oct 26, 2021
Novelis donates $1 million to Habitat for Humanity The donation kicks of the company’s global volunteerism month. Novelis Inc., an aluminum rolling and recycling company based in Atlanta, has pledged a $1 million donation to Habitat for Humanity in honor of the company's 10th annual Novelis Volunteer Month, which takes place every October. According to a news release from Novelis , employees join together to serve the communities they call home. This includes volunteering with local Habitat organizations to help build homes and revitalize neighborhoods. "Through Habitat for Humanity and the many other organizations we support, our employees demonstrate time and again their passion and commitment to service in their communities," says Steve Fisher, president and CEO of Novelis. "Not only are we proud to support Habitat for Humanity, but we're also tremendously proud of our employees and their enthusiasm for giving back to their communities during our global volunteer month, as well as throughout the year." Earlier this year, Novelis and Habitat for Humanity partnered for an initiative to encourage local communities to recycle more. Novelis is providing recycling bins and monetary grants to help Habitat for Humanity increase neighborhood sustainability across the U.S. and Canada. Since the launch of the program, 52 local Habitat for Humanity organizations reported collecting more than 38,000 pounds of aluminum from June 1 through Aug. 31, which amounts to about 1.2 million cans. "Novelis continues to demonstrate its unwavering commitment to safe and affordable housing, and supporting our local communities through the recycling initiative," says Julie Laird Davis, vice president of corporate and foundation relations at Habitat for Humanity. "We couldn't be more pleased to have them as a partner in creating stable homes and sustainable environments where Habitat homeowners and their families can thrive." Alter Trading Corp., headquartered in St. Louis, has established Alter Metal Recycling Singapore Pte. Ltd., a new business unit that is headed by Managing Director Robin Cai and will handle nonferrous trading in the Asia-Pacific region. “The nonferrous scrap market has undertaken a geographic shift in the past several years,” says Alter ’s David Klein, senior vice president of nonferrous marketing and trading. “Singapore, with its world-class airport, highly skilled workforce and impressive business infrastructure, is the ideal location to serve customers in all the Asia-Pacific markets in which we have a presence.” “The Singapore office is perfectly positioned to serve customers in the ASEAN (Association of Southeast Asian Nations) region, which includes Singapore itself in addition to Malaysia, Indonesia, Thailand and several other countries while continuing to serve the Chinese market,” Cai says. As it ramps up this year and next, Alter Metal Recycling Singapore Pte. Ltd. will be responsible for the sale of products to buyers in the ASEAN region, China, Japan, South Korea, Taiwan and other locations, according to a news release from Alter. The company’s Asia-Pacific customers operate facilities that purchase secondary commodities to manufacture aluminum, copper, brass, stainless steel and other types of metal. Founded in 1898, Alter is a privately owned, fifth-generation company and is ISO 9001 and 14001 certified. Alter has 1,400 employees and operates 70 metal recycling facilities and seven trading offices in eight states, along with its representative sales offices in Singapore and Hong Kong. Waste Management (WM), Houston, has announced its financial results for the third quarter of the year, which ended Sept. 30. Revenue grew in the third quarter compared with the same time frame last year. The company achieved $4,665 million in revenue in the third quarter compared with $3,861 million in revenue in the third quarter of 2020. The company says the results put it on track to meet its full-year financial targets despite accelerating cost inflation. According to Waste Management , revenue for its collection and disposal services increased $260 million, driven by $137 million in volume increases and $123 million of growth from yield. Acquisitions, net of divestitures, added $295 million of revenue primarily from the acquisition of Advanced Disposal in Ponte Vedra Beach, Florida. The company acquired Advanced Disposal in October 2020. WM’s operating earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted on the same basis as a total company operating EBITDA, was $1.40 billion, or 31.1 percent of revenue, for the third quarter of the year, compared with $1.27 billion, or 33.1 percent of revenue, for the third quarter of 2020. WM says operating EBITDA in its recycling line of business improved by $53 million compared with the third quarter of 2020. WM says the improvement was driven by an increase in market prices for recycled commodities and investments the company is making in improved technology and equipment at its material recovery facilities that are delivering a less labor-intensive operating cost model. The company’s EBITDA in the renewable energy line of business improved by $22 million compared with the third quarter of 2020, primarily driven by increases in price. “Strong organic growth and continued progress on the integration of the Advanced Disposal business powered our robust revenue growth in the third quarter and led to a more than 14 percent increase in adjusted operating EBITDA and a more than 15 percent increase in net cash provided by operating activities,” says Jim Fish, WM’s president and CEO. “Our solid results put us on track to meet our full-year financial targets despite accelerating cost inflation.” Operating expenses as a percentage of revenue were 62.3 percent in the third quarter of the year compared with 60.4 percent in the third quarter of 2020. On an adjusted basis, operating expenses were 62.2 percent of revenue in the third quarter of the year compared with 60.4 percent in the third quarter of 2020. WM says the increase in operating expense margin in the current quarter is due to an acceleration of labor and other inflationary cost pressures, as well as the impact of higher commodity prices for recyclables. In the third quarter of the year, net cash provided by operating activities was $1.18 billion compared with $1.03 billion in the third quarter of 2020. The improvement in net cash provided by operating activities was primarily driven by the increase in operating EBITDA. According to WM, total company revenue growth this year is expected to be between 17 percent and 17.5 percent. Combined internal revenue growth from yield and volume in the collection and disposal business is expected to be about 6.5 percent, driven by the company’s disciplined pricing programs and strong outlook for continued volume recovery. Adjusted operating EBITDA is expected to be between $5 billion and $5.1 billion this year. Free cash flow is projected to be between $2.5 billion and $2.6 billion this year. “Our people are doing an outstanding job providing essential services to our customers and communities,” Fish says. “We’re proud to highlight many of the efforts that have helped us move the needle on our sustainability goals in our 2021 Sustainability Report released earlier this month.” Hendrickson Truck Commercial Vehicle Systems , Woodridge, Illinois, announced Oct. 26 that it has partnered with Hagerstown, Indiana-based Autocar to offer the Haulmaxx EX as a part of the chassis enhancements for ACX and DC-64 models. According to Hendrickson, Haulmaxx EX provides the versatility needed for trucks and tractors that operate both on- and off-highway. The suspension’s equalizing beam distributes the load equally between both axles in off-road and uneven terrain conditions. The design eliminates fixed center bushing pivot points to reduce wheel hop. When paired with Hendrickson Traax Rods, stability is enhanced, and articulation increased for improved on- and off-highway operation. “Customers today expect more out of their vocational suspensions. Haulmaxx EX exceeds expectations by expanding on the capabilities of the current Haulmaxx design. With up to a 70,000 pound site rating for the 46,000 pound capacity suspension, Haulmaxx EX is extremely rugged, supporting the most demanding vocational applications and offering capacities of 40,000 pounds, 46,000 pounds, and now, 52,000 pounds,” says Ashley Dudding, director of engineering for Hendrickson Truck Commercial Vehicle Systems. “Hendrickson utilized our industry-leading analysis and validation techniques to ensure Haulmaxx EX would meet these rigorous demands, minimize maintenance requirements, and deliver the lightest weight vocational suspension on the market.” The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has announced it will be publishing an Advance Notice of Proposed Rulemaking for Heat Injury and Illness Prevention in Outdoor and Indoor Work Settings Oct. 27. Currently, OSHA does not have a specific standard for hazardous heat conditions, and this action begins the process to consider a heat-specific workplace rule. “As we continue to see temperatures rise and records broken, our changing climate affects millions of America’s workers who are exposed to tough and potentially dangerous heat,” says U.S. Department of Labor Secretary Marty Walsh. “We know a disproportionate number of people of color perform this critical work and they, like all workers, deserve protections. We must act now to address the impacts of extreme heat and to prevent workers from suffering the agony of heat illness or death.” The Advance Notice of Proposed Rulemaking will initiate a comment period to gather diverse perspectives and expertise on topics, such as heat-stress thresholds, heat-acclimatization planning and exposure monitoring. “While heat illness is largely preventable and commonly underreported, thousands of workers are sickened each year by workplace heat exposure, and in some cases, heat exposure can be fatal,” says Jim Frederick, acting assistant secretary of labor for OSHA. “The Advance Notice of Proposed Rulemaking for Heat Injury and Illness Prevention in Outdoor and Indoor Work Settings is an important part of our multipronged initiative to protect indoor and outdoor workers from hazardous heat.” Heat is the leading cause of death among all weather-related workplace hazards. To help address this threat, OSHA implemented a nationwide enforcement initiative on heat-related hazards , is developing a National Emphasis Program on heat inspections and is forming a National Advisory Committee on Occupational Safety and Health Heat Injury and Illness Prevention Work Group to provide a better understanding of challenges and identify and share best practices to protect workers. Read the Federal Register notice for submission instructions. Beginning Oct. 27, submit comments at www.regulations.gov , the Federal e-Rulemaking Portal and refer to Docket No. OSHA-2021-0009. All comments must be submitted by Dec. 27.