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About Vecoplan

Vecoplan develops produces and markets machinery and plants for shredding, conveying and processing primary and secondary raw materials gained in recycling processes. It is based in Bad Marienberg, Germany.

Vecoplan Headquarter Location

Vor der Bitz 10

Bad Marienberg, 56470,

Germany

Latest Vecoplan News

Waste Management announces Q1 earnings

Apr 27, 2021

Waste Management announces Q1 earnings The company’s adjusted operating EBITDA growth portends a strong 2021, the company notes. Waste Management Inc. , Houston, announced financial results for the first quarter on April 27. “We had an exceptionally strong start to the year with first quarter adjusted operating EBITDA growth of more than 14 percent and adjusted operating EBITDA margin expansion of 100 basis points,” Jim Fish, president and CEO of Waste Management, says. “We achieved these results by generating strong yield, flexing down our cost structure, and executing on the integration of Advanced Disposal. With this solid performance and our confidence in the strength of our business model, we are increasing our 2021 financial guidance that we provided in February for revenue, adjusted operating EBITDA and free cash flow. “In addition to the strong performance of our core business, the integration of Advanced Disposal is going remarkably well. Based upon the success of the integration efforts so far, we believe we will capture synergies above our original expectations. We now expect to achieve $130 million in annual run-rate synergies from operating costs and SG&A savings, which is a more than 60 percent increase from our initial estimates. The revised estimate includes between $75 million and $85 million in run-rate synergies captured during 2021, up from our prior guidance of between $50 million and $60 million.” Highlights from Waste Management’s first quarter earnings include: Revenue In the first quarter, revenue declined $5 million in the company’s collection and disposal business, when excluding the impact of acquisitions and divestitures, compared to the first quarter of 2020. This was driven by $98 million in volume declines partially offset by $93 million of growth from yield. Core price for the first quarter was 3.4 percent compared to 3.2 percent in the fourth quarter of 2020 and 4.2 percent in the first quarter of 2020. Collection and disposal yield was 2.8 percent in the first quarter compared to 2.3 percent in the fourth quarter of 2020 and 2.2 percent in the first quarter of 2020. Total company volumes declined 2.7 percent in the first quarter, or 2.1 percent on a workday adjusted basis, compared to a decline of 2.6 percent on a workday adjusted basis in the fourth quarter of 2020 and a decline of 0.4 percent on a workday adjusted basis in the first quarter of 2020. In the first quarter, acquisitions and net of divestitures, added $292 million of revenue primarily from the acquisition of Advanced Disposal. Cost management Operating expenses as a percentage of revenue improved 130 basis points to 61.1 percent when compared to the first quarter of 2020, demonstrating the company’s ability to operate under a lower cost structure. SG&A expenses were 11.1 percent of revenue in the first quarter compared to 11.4 percent in the first quarter of 2020. On an adjusted basis, SG&A expenses were 10.7 percent of revenue in the first quarter compared to 10.5 percent in the first quarter of 2020. Profitability Operating EBITDA in the company’s collection and disposal business, adjusted on the same basis as total company operating EBITDA, was $1.29 billion, or 31.8 percent of revenue, for the first quarter, compared to $1.18 billion, or 31.3 percent of revenue, for the first quarter of 2020. Operating EBITDA in the company’s recycling line of business improved by $34 million compared to the first quarter of 2020. The improvement was driven by the company’s efforts to develop a sustainable business model that also meets customers’ environmental needs as well as an increase in market prices for recycled commodities, Waste Management says. In the first quarter, the company realized $12 million of operating and SG&A cost synergies from the acquisition of Advanced Disposal. Free cash flow and capital allocation In the first quarter, net cash provided by operating activities was $1.12 billion compared to $765 million in the first quarter of 2020, an increase of $355 million. The improvement in net cash provided by operating activities was primarily driven by the increase in operating EBITDA, lower incentive compensation payments, and improvements in working capital. In the first quarter, capital expenditures were $270 million compared to $459 million in the first quarter of 2020. The decrease in capital spending was primarily driven by differences in the timing of fleet purchases and the company’s acceleration of certain capital expenditures into the fourth quarter of 2020. In the first quarter of 2021, free cash flow was $865 million compared to $318 million in the first quarter of 2020. During the first quarter of 2021, $497 million was returned to shareholders, including $247 million of cash dividends and $250 million allocated to share repurchases. Outlook Total company revenue growth is expected to be 12.5 percent to 13 percent. Combined internal revenue growth from yield and volume in the collection and disposal business is expected to be 4.5 percent or greater, driven by the company’s disciplined pricing programs and strong outlook for continued volume recovery, it says. Adjusted operating EBITDA is expected to be between $4.875 billion and $4.975 billion in 2021. Free cash flow is projected to be between $2.325 billion and $2.425 billion in 2021. Synergies from the acquisition of Advanced Disposal are expected to total $150 million, with $130 million coming from operating costs and SG&A savings and $20 million coming from capital expenditure savings. This is an increase from the company’s original expectation of $80 million in operating costs and SG&A savings and $20 million in capital expenditure savings. In 2021, the company expects to capture between $75 million and $85 million of cost synergies, bringing annual run-rate synergies to about $100 million at the end of the year. Fish concluded, “We’ve previously discussed that Waste Management is well-positioned to benefit as states and provinces emerge from the pandemic. We expect strong results as our commercial, industrial and landfill businesses—our three most profitable lines of business—continue to recover over the remainder of the year.” The Washington-based American Iron & Steel Institute (AISI) says steelmakers in the United States produced 1.78 million tons of steel the week ending April 24, 2021, marking a 0.6 percent increase compared with the week before. In terms of gauging the nation’s rebound from COVID-19 impacts, the steel output volume in the most recently completed week was 43.6 percent higher than the low output figure from the week ending April 24, 2020. That 2020 week was near the low point for U.S. steel output during the initial COVID-19 shutdowns. (The low point occurred the following week of 2020.) The mill capability utilization, or capacity, rate was 78.4 percent the week ending April 24, 2021, up slightly from 78.0 percent the week before. One year ago, that rate had fallen to 55.4 percent. Steel pricing—and to some extent scrap pricing—has soared in the first four months of 2021. At the ISRI2021 Ferrous Spotlight online session  last week, Blake Hurtik of Argus Media cited market discipline by a more consolidated steel sector in the U.S. as a reason why the capacity rate has remained below 80 percent, even with near-record high steel prices. A week earlier, at the FastmarketsAMM Scrap, DRI & Minimills Conference, CEO Lourenco Goncalves of Cleveland-Cliffs predicted  “a very consistent appreciation in scrap prices,” and said the metals and manufacturing sectors should accept the notion that “a ton of steel is worth more than a ton of bananas.” Nearly four full months into 2021, steel output in the U.S. is up 2.1 percent compared with 2020. In the most recent week, the AISI’s Southern region was the leading producer of steel (744,000 tons), followed by the Great Lakes (611,000), the Midwest (189,000), the North East (166,000) and with the Western region (71,000) on the bottom rung. In the West, Texas-based Commercial Metals Co. (CMC) closed an electric arc furnace mill in California at the end of 2020. The firm is expanding its capacity at an EAF location in Arizona, but that capacity is not expected to come online until 2023 . To help customers determine and monitor how far mobile shears have worn from their original shape, Genesis, based in Superior, Wisconsin, has unveiled Processor Tooth Build-up Templates. The templates simplify maintenance by showing wear levels and help prevent attachment damage. The templates are available for the Genesis GDR, GDT Razer, GRX Razer X, LXP, GMP and GCP demolition tools. Each template is sized and formed to that tooth’s original shape and features three lines that indicate wear levels. The template gets placed over the tooth to determine the amount of wear and build-up required or if replacement is needed. Genesis Attachments , an NPK company, designs and manufactures shears, grapples, concrete processors and specialty attachments for the scrap processing, demolition, material handling and offshore decommissioning industries. The United States has developed a steel industry that sets a high standard for the rest of the world to reach in terms of sustainability and meeting Paris Climate Accord targets, according to an executive of Charlotte, North Carolina-based Nucor Corp. The positive assessment was offered by Benjamin Pickett, a Nucor general manager of public affairs and government relations, speaking at the Ferrous Spotlight session of the online ISRI2021 event organized by the Washington-based Institute of Scrap Recycling Industries (ISRI). Pickett said of Nucor and America’s metal recycling companies, “We were all recycling before it was cool to be green.” In an era of decarbonization and global emissions reduction targets, Pickett said the scrap-fed electric arc furnace (EAF) production method is “the cleanest way to make steel, and America is the cleanest place on Earth to make steel—period.” The Nucor GM said more than two-thirds of the steel produced in the U.S. is made via the EAF method, with Nucor having played a major role in that development. The company has the capacity to make some 27 million tons of EAF steel annually and has invested some $4.2 billion in the past three years to add to that total. Pickett said Nucor invests “not just to add capacity, but to add capability. The days of EAFs making just rebar are long gone.” Now, said Pickett, some 35 grades of steel are made via EAF in the U.S., with a “diverse range of strengths and applications.” Stated Pickett, “Recycled steel is a solution—scrap-based EAFs are proof that economic growth, infrastructure and our nation’s climate goals can co-exist.” In comments similar to those made a week earlier  by Lourenco Goncalves of steelmaker Cleveland-Cliffs at a FastmarketsAMM event, Pickett compared a steel industry greenhouse gas (GHG) emissions intensity level of around 1.0 in the U.S. that was less than half that compared with the steel industry in China. Nucor, he added, was emitting GHGs at half of the U.S. average. Nucor and the steel industry in the U.S. “have a great story to tell, and we are sharing that with our policy makers in [Washington] D.C. and the states, and I certainly hope our ISRI members will do the same,” remarked Pickett. Pickett also said trade enforcement actions undertaken by the U.S. government have helped the steel industry and recyclers. Such enforcement, he said, “helps ensure our steel and recycling markets have a level playing field.” Pickett said some countries, including China, have an “addiction” to dumping steel, but that Section 232 tariffs “helped the U.S to keep investing in much cleaner steelmaking technology.” In a separate presentation, Blake Hurtik of Argus Media said pricing from the second half of 2020 and into 2021 seems to indicate steelmakers are potentially being helped a little more than recyclers. Hurtik said the current $1,300 per ton pricing for hot-rolled coil (HRC) steel compared with the $400 to $500 per ton for ferrous scrap grades has created an $800 spread that is rarely if ever experienced by EAF steelmakers. The result, he noted, is EAF steelmakers like Nucor and Indiana-based Steel Dynamics Inc. predicting record or near-record profits  for the first quarter of 2021. Despite rebounding demand and high prices, steelmakers in the U.S. have kept the mill capacity rate hovering around 78 percent, Hurtik noted. A more consolidated industry that is “not just turning on supply to turn on supply” seems to have demonstrated concerted discipline, he added. Both speakers see a boom market that is poised to continue, with Hurtik saying some 11 million tons of in-progress additional EAF capacity is “very much a positive for scrap demand.” He added, “Even if the U.S. never sells a ton [of scrap] directly to China,” such purchases by China’s growing EAF sector “will open up a hole somewhere else” for scrap sold off the U.S. West Coast. Pickett expressed Nucor’s support for a bipartisan infrastructure plan that can be worked out between the Biden administration and Congress. “We believe the recycling industry will be key to what President Biden calls ‘building back better,’” he stated. “The story needs to be told—recycled steel is being used throughout America in critical infrastructure.” Vecoplan Limited, a United Kingdom-based subsidiary of Germany-based Vecoplan AG, has expanded its sales team. The new additions are Gareth Bray as U.K. area sales manager and Ruben Maistry as international area sales manager, both for the Recycling|Waste division of Vecoplan Limited. The staff additions will enable Vecoplan Limited to provide “even more comprehensive support for its customers,” says the maker of shredders and other recycling equipment. As the international area sales manager for the Recycling|Waste Division, Maistry will be tasked with supporting customers and agents around the world. Vecoplan customers will benefit from his 12-plus years of experience in the recycling industry and “his extensive knowledge of plant engineering,” says Vecoplan . Maistry’s LinkedIn page indicates he worked for Stadler UK Limited, a subsidiary of a different Germany-based recycling equipment provider, for nearly five years, and spent eight years working as a U.K. sales representative for Finland-based recycling equipment provider Metso. Gareth Bray has been assigned to serve customers in the U.K. market, focusing on the material and energy recycling of waste and plastic, data and file destruction, and the consistent expansion of Vecoplan’s equipment for the waste-to-energy sector. Bray has nearly 25 years of recycling equipment experience, with his resume showing stints with magnetic sorting companies including United States-based Eriez and Germany-based Steinert.

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Vecoplan Patents

Vecoplan has filed 8 patents.

The 3 most popular patent topics include:

  • Fluorides
  • Metal halides
  • Metalworking tools
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Automotive transmission technologies, Automation, Mechanical power transmission, Electric power conversion, Electrical engineering

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