Uniscrap solves individual waste tasks, but also offers complete industry solutions for industry, crafts, municipalities, and waste companies. It buys and treats all kinds of residual products (iron and metal) and wastes from industry, municipalities and waste companies, and others. On January 25th, 2021, Uniscrap was acquired by HJHansen Recycling Industry. Terms of the transaction were not disclosed.
Latest Uniscrap News
Jan 28, 2021
PCA anticipates healthy containerboard demand to start the year In the company’s latest earnings report, the company posted high containerboard production levels in response to box demand. Packaging Corp. of America (PCA), a packaging producer based in Lake Forest, Illinois, reports that its 2020 full-year earnings were almost on par with full-year earnings in 2019. According to the company’s fourth-quarter 2020 earnings report, it achieved net income of $124 million, or $1.30 per share, and net income of $127 million, or $1.33 per share, excluding special items, for the quarter. Fourth-quarter net sales were $1.7 billion in both 2020 and 2019. Full-year 2020 net income was $461 million, or $4.84 per share. When special items are excludes, the company's net income totaled $550 million, or $5.78 per share. Full-year net sales were $6.7 billion in 2020 compared with $7 billion in 2019. PCA reports that its earnings in the fourth quarter included special items for facilities closure and restructuring costs, and its full-year 2020 earnings included special items primarily for costs associated with facility closures, expenses associated with the impact of Hurricane Laura at the company’s DeRidder, Louisiana, mill and goodwill impairment charges in its Paper segment, resulting from the exacerbated deterioration in uncoated freesheet market conditions arising from the COVID-19 pandemic. In the Packaging segment, total corrugated products shipments with one less workday were up 9.9 percent, and shipments per day were up 11.7 percent over 2019’s fourth quarter. For the quarter, containerboard production was at 1.174 million tons, and containerboard inventory was down 13,000 tons compared with the fourth quarter of 2019 and up 40,000 tons compared with the third quarter of 2020. In the Paper segment, PCA reports that sales volume was down 80,000 tons compared with the fourth quarter of 2019 and down 17,000 tons compared with the third quarter of 2020. “Demand in our Packaging segment remained very strong as sales volumes in both our containerboard mills and our corrugated products plants set all-time records,” says Mark Kowlzan, chairman and CEO of PCA. “Even though we postponed a large discretionary outage during the quarter, as well as utilized our Jackson, Alabama, mill for additional containerboard production, we again ended the period with inventory levels lower than planned. Late in the quarter, we began to realize our previously announced Packaging segment price increases." He continues, “Market conditions in our Paper segment continue to be challenged due to the nationwide responses to help control the spread of the pandemic. As expected, sales volume was below seasonally stronger third-quarter levels and over 30 percent below the fourth quarter of 2019. As mentioned previously, with the scheduled outage at our International Falls mill, the Jackson mill was restarted on white paper in October and produced both paper and containerboard during the quarter.” Kowlzan adds that the company’s employees continued to demonstrate “tremendous resiliency to overcome adversity, in both their personal and work lives, to delivery significant accomplishments throughout the company” in response to the pandemic in the fourth quarter of 2020 and throughout the fiscal year. He says, “Our manufacturing and sales organizations continue to successfully adapt to the needs of our customers during this period of unprecedented demand in our packaging business and effectively manage the market challenges in our paper business brought on by the pandemic as well as worked through the impact of multiple hurricanes.” Forecasting the first quarter of 2021 Looking to the first quarter of 2021, Kowlzan says he expects PCA’s Packaging segment demand to remain strong, with shipments exceeding those of 2020’s record first quarter. He says, “This will require us to continue producing containerboard at our Jackson mill in addition to an appropriate amount of white paper to maintain optimal inventory levels for servicing our paper customers. We expect to realize the majority of our recently announced Packaging segment price increases during the first quarter, and we expect average export prices to move higher as well.” PCA reports that freight costs are expected to continue to remain high in the first quarter of 2021. The company says labor costs also are expected to rise in response to higher annual wage inflation and timing-related increases to fringes and benefits at the start of a new year. Additionally, seasonally colder weather in the first quarter likely will lead to higher energy and wood costs. PCA says it also anticipates recycled fiber costs for commodities such as old corrugated containers (OCC) to increase in the first quarter of 2021. During a conference call related to its earnings Jan. 28, Kowlzan said he also expects containerboard demand to stay high in the first quarter of the year. However, Kowlzan says, with the ongoing pandemic and lockdown conditions “constantly changing across the country, and with a new federal administration in place, we expect that guidelines and requirements will continue to evolve. There continues to be numerous events and actions that could significantly impact our expectations and assumptions for the upcoming quarter in both our Packaging and Paper segments. … As a result, we are not able to appropriately quantify our guidance for the first quarter.” President Biden signed an executive order (EO) Jan. 25 designed to ensure that when the federal government spends taxpayer dollars they are spent on American-made goods with American-made components, closing loopholes that allow companies to offshore production and jobs while still qualifying for domestic preferences, according to the administration. In comments the day of the signing, Biden said that in 2018, the Defense Department alone spent $3 billion on foreign construction contracts, “leaving American steel and iron out in the cold.” Of the EO, he said, “Today we are getting to work to rebuild the backbone of America: manufacturing, unions and the middle class. It is based on the simple premise that will reward work, not wealth, in this country. The key plank of ensuring the future will be Made-in-America.” He added, “I don’t buy for one second that the vitality of American manufacturing is a thing of the past. … It must be part of the engine of American prosperity now.” The EO is part of Biden’s Build Back Better recovery plan. That plan includes building a strong industrial base and small-business-led supply chains to retain and create millions of good-paying union jobs in manufacturing and technology across the country; mobilizing American ingenuity to build modern infrastructure and an equitable, clean energy future; building a 21st century caregiving and education workforce; and advancing racial equity in America. According to a news release about the EO, contracting alone accounts for nearly $600 billion in federal spending. While federal law requires government agencies to give preferences to American firms, implementation has not always been consistent or effective, while some requirements have not been substantially updated since 1954, according to the Biden administration. The EO establishes the goals and standards needed to use federal purchasing, and other forms of federal assistance with domestic preference requirements, to proactively invest in American industry, and directs a process for updating these preferences to fit the current American economy. The EO directs an increase in the threshold and price preferences for domestic goods and updates how the government decides if a product was sufficiently made in America. It also appoints a director of Made-in-America at the Office of Management and Budget who will oversee the implementation of the order and ensure the new rules are followed. Additionally, the EO increases oversight of potential waivers to domestic preference laws by creating a central review of agency waivers of Buy-American requirements and directs the General Services Administration to publish relevant waivers on a publicly available website. Agencies also are required to scout for suppliers and to use the Manufacturing Extension Partnership—a national network in all 50 states and Puerto Rico that supports small and midsize manufacturers—to help agencies connect with new domestic suppliers. According to the administration, the president will continue to be a strong advocate for the Jones Act and its mandate that only U.S.-flag vessels carry cargo between U.S. ports, which supports American production and America’s workers. With the signing of the 2021 National Defense Authorization Act, the Jones Act also been affirmed as an opportunity to invest in America’s workers as we build offshore renewable energy, in line with Biden’s goals to build clean energy in America. A cross-agency review of all domestic preferences also is required under the EO on a biannual basis. This review includes a requirement that agencies submit recommendations for ways to ensure items offered to the general public on federal property are Made in America and to consider service industries in addition to manufacturing. The association’s President and CEO Kevin Dempsey says, “Strong domestic procurement preferences for federally funded infrastructure projects, known as Buy America, are essential to ensure that taxpayer dollars are used to procure American steel and other made-in-America products—and have helped create manufacturing jobs. Recent studies have also shown that the American steel industry is the cleanest and most energy efficient of the leading steel industries in the world.” He adds, “We are pleased that today’s executive order will tighten up the process for considering waivers to existing domestic preference requirements and will also increase domestic content requirements for defining what constitutes a product that is made in the United States. We applaud President Biden for affirming his commitment to ‘Build Back Better’ by enforcing and improving programs to ensure taxpayer dollars are used for products made in America—most significantly, the use of American steel.” Mitsubishi Logisnext Americas group, Houston, announced its new series of internal combustion cushion tire forklifts. These IC forklifts are designed to offer both productivity and fuel efficiency for indoor warehouse applications. The FGC35CN-FGC40CN internal combustion cushion tire forklift model series was built to increase operational uptime. The new series features an on-board, self-diagnostics display that can deliver immediate truck status, helping to streamline the process of troubleshooting and an effective cooling system to aid in prolonging engine life. Built with a compact chassis, these 7,000 to 8,000 lb. capacity IC forklifts can perform efficiently in a wide range of indoor applications, from moving pallets and dock-to-stock to transferring loads across a wide variety of run distances, short or long. “We’re proud to introduce the new Mitsubishi internal combustion cushion tire forklift series to the market,” said John Sneddon, executive vice president, sales and marketing at Mitsubishi Logisnext Americas. “Our new Mitsubishi IC cushion tire forklift series provides the increased uptime, maneuverability and efficiency that our customers demand in today’s fast-moving warehouse environments.” Powered by a GK25 internal combustion engine, the new Mitsubishi forklift truck offering provides both power and fuel efficiency. The engine enables high levels of torque and horsepower, while maintaining compliance with all CARB and EPA emissions regulations. The motor is also equipped with a computerized electronic fuel injection system, delivering high levels of torque at lower RPMs, which can save on fuel consumption. To learn more about this new Mitsubishi forklift trucks internal combustion cushion tire series or the complete Mitsubishi forklift trucks product line, visit logisnextamericas.com/mit. Danish scrap metal recycling company HJHansen Recycling Industry Ltd. says it has signed a deal to acquire Uniscrap Ltd. from the Scholz Recycling Group GmbH, Essingen, Germany. Uniscrap was founded in 1958 in Copenhagen. Uniscrap Ltd. is headquartered in Taulov in Denmark. The company employs 34 people at six locations and has yearly revenue of about 50 million euros. HJHansen Recycling Industry board Chairman Christian Junker says, ”During the last 1.5 years, HJHansen Recycling Industry has completed an extensive turnaround process resulting in significant cost reduction and efficiency increase. In the coming year, we will need to invest in further processing activities. We are in a field of business where economy of scale is important and where tax costs are significant. There is therefore a need for consolidation in the iron and metal recycling business in Denmark. In that perspective, Uniscrap and HJHansen Recycling Industry is a perfect match and the key to further strengthening our business.” Following the acquisition, HJHansen Recycling Industry's turnover will be 300 million euros. The company will employ approximately 200 people at 20 locations in Denmark, Sweden, Turkey and China. Its recycling activities include ferrous and nonferrous scrap trading, cable and transformer recycling and car dismantling and recycling. Chief Operating Officer, International, for Chiho Environmental Marc Breidenbach* says, "We are happy that we have reached an agreement with HJHansen Recycling Industry. We are certain that this is the right solution for Uniscraps employees and its partners.” HJHansen Recycling Industry Ltd. CEO Mogens Bach Christensen says, “HJHansen Recycling Industry wishes to be the preferred partner for Danish companies who need to dispose [of] iron and metal scrap. With the acquisition of Uniscrap, we strengthen our business platform, which will benefit our suppliers of scrap. Now we await the final approval from the competition authorities and, when that is reached, we will start integrating business processes and utilize synergies.” Final approval of the acquisition needs to be obtained from the Danish competition authorities. This is expected to be given in the spring of 2021, according to a news release from HJHansen. The Can Manufacturers Institute (CMI), Washington, and The Recycling Partnership, Falls Church, Virginia, have announced requests for proposals (RFPs) for aluminum beverage can capture grants. The grants, sponsored by can manufacturers Ardagh Group and Crown Holdings , will fund eddy currents, robots and other equipment or process improvements to capture used beverage cans (UBCs) at material recovery facilities (MRFs). According to a news release from CMI, The Recycling Partnership is a strategic partner that will fulfill several roles in the grant program, including evaluating and assessing the proposals submitted and executing the grant program overall. CMI says the program will begin as a pilot effort in the Southeast U.S., enabling grant partners to evaluate the effectiveness of the grants and apply learnings. The grant program will focus on the Southeast because of its “strong potential” to increase the recycling rate for UBCs. CMI says the grants will be offered in two rounds of applications, with the first round closing Feb. 19 and the second round closing March 31. After the proposals are submitted, The Recycling Partnership will evaluate them based on criteria such as the anticipated number of additional UBCs captured, the potential for replicability in future projects, the ability of the applicant to successfully implement the project and measure its success and the applicant’s ability to leverage additional financial resources to support the project. CMI, along with funding partners Ardagh and Crown, will provide feedback during the grantee selection process. The first grantee is expected to be announced by March 31, and the remaining grants will be awarded by June 30. Grantees are expected to provide initial impact results by the end of 2021. According to CMI , the MRFs that receive grants will be able to capture and sell UBCs that are currently being lost or uncaptured. While UBCs are consistently one of the most valuable materials by weight in the recycling stream, a recent CMI study indicated up to 1 in 4 beverage cans is missorted at a typical MRF. Capturing these cans will provide critical revenue to MRFs, many of which struggle with sortation costs higher than revenue earned from selling recyclables, CMI says. It also means additional aluminum will be recycled into new cans or other useful, recyclable products. The grant program also will foster additional examples of MRFs that have successfully invested in can capture equipment, providing case studies to spur more MRFs to invest in aluminum can capture. “CMI’s research made clear the need to capture missorted aluminum beverage cans at the MRF for additional, critical revenue to the U.S. recycling system,” says Robert Budway, CMI president. “These grants will result in missorted cans being captured and recycled, delivering significant environmental and economic benefits. CMI members Ardagh and Crown’s financial contribution to this effort align with their desire to increase aluminum beverage can recycling rates and their respective environmental, social and corporate governance efforts. We are pleased to now have The Recycling Partnership, a highly respected recycling and industry leader, join this on-the-ground can capture effort as a strategic partner.” “CMI was one of the founding organizations of what became The Recycling Partnership and has been a consistent funding partner on behalf of its metal can manufacturer and supplier membership,” says Keefe Harrison, The Recycling Partnership CEO. “We are excited to collaborate closely with them and their members to capture lost beverage cans at MRFs. With the partnership’s extensive expertise in grant programs and systemic approach to improving recycling, we will ensure success of this program with a result of more aluminum cans recycled and a healthier U.S. recycling system.”
Uniscrap Frequently Asked Questions (FAQ)
When was Uniscrap founded?
Uniscrap was founded in 1858.
Where is Uniscrap's headquarters?
Uniscrap's headquarters is located at Princess' Quarter 6, Ferdericia.
What is Uniscrap's latest funding round?
Uniscrap's latest funding round is Acquired.
Who are the investors of Uniscrap?
Investors of Uniscrap include HJHansen Recycling Industry.