By Armando Duke - Financial Columnist
Laptop Battery The demand for tire recycling plants are rising as state and municipalities look for ways to lower environmental costs associated with over burdoned landfills.Visit our AXcess News Forum and add your comments on this story. Try your hand at writing, the best story will be published on our news network. Take our environmental poll too!
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
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Microsoft June 20, 2003 (AXcess News) Lynnfield MA - State and local municipalities are on a tire-kicking spree in an attempt to coax tire recyclers into locating plants near landfills.
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Laptop Computers "Albany NY Mayor Jerry Jennings said, "We now have to ship our tires out of here and pay to get rid of them. We're dealing with 50 to 100 tons of tires a year."Governor George Pataki said, "Tires are an environmental nightmare that has plagued this state for decades." Pataki's statement falls on the heels of three new plants that are being built in New York capable of handling 6 million tires a year.
laptop computers is driving strong sales for notebook computers, according to the latest quarterly sales figures from the research firm IDC, which reported a 37% computer sales for the second quarter, compared with a year earlier. In the U.S., laptop sales grew 17.7%, while sales of desktop computers and servers fell 4%. The New York Times ( 10), CNET ( 10)
Laptop Computer While Pataki and Jennings are both supportive or tire recycling, the state's problem is not there own as all over the United States local governments are facing similar situations and in some cases the economic nightmare is worse.
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Desktop Computer Commissioners for Jackson County North Caroline said they could no longer afford to pay $21.50 per ton for land fill and another $43 per ton in tipping fees. Both common costs in environmental waste disposal for municipalities today.
Notebooks Facing a state mandate to close its unlined Dillsboro landfill, Jackson County officials paid Macon County Georgia $1.38 million in 1995 for the right to use its newly-constructed lined landfill. But those costs are driving the Commissioners to seek other options.In Ohio, the State Controlling Board released $3 million yesterday for contracts for tire shredding, mosquito control and groundwater cleanup at Ohio's worst illegal tire dump.
Lenovo The State has already spent more than $14 million at Kirby Tire Recycling in northwest Ohio.
Hard Drive In 1999, five million tires burned at the Kirby site for six days, sending toxic chemicals into the air and polluting soil and groundwater.
Travelstar About 19 million tires remain at the dump and the Ohio Environmental Protection Agency estimates cleanup efforts will take another three to five years.In Michigan A permit issued by the Department of Environmental Quality on June 13 for a tire recycling facility in Martin Township could help solve Watson Township's tire pile dilemma. However, legal issues surrounding a start up operation have not been resolved.In the meantime, residents and local officials are hoping for some kind of solution to clean up the ugly heaps of decaying rubber that clutter the landscape of Watson Township.
Gateway Few companies are equipped today to handle the entire recycling process or that have the confidence of environmental regulators to grant permits. In the meantime our nation's municipalities are paying for it and the piles of tires are continuing to grow.Axcess News has been covering one company who does have the expertise and is equipped to handle the work, but developing site plans under the watchful eye of environmental regulators and developing markets for recycled tires takes time.
Laptop Parts GreenMan Technologies, Inc. (AMEX: GRN) has been trying to meet the growing demands of municipalities who have been discussing their environmental needs with the company.
Software In order to meet demands, last year GreenMan went on an acquisition binge, adding four new facilities and entering into a joint venture. Thanks to company management they were able to not only integrate those businesses but show a profit that year as well, recycling close to 30 million pounds of tires.In April of this year the Company experienced a set back with a fire at its new Georgia facility. While damage itself was minor, GreenMan needed to shift other equipment from its Wisconsin facility to Georgia and had to delay shipping over 1 million pounds of recycled rubber during that period.
Hard Drives The Company had suffered a short-term loss due to those adjustments but still managed to increase sales for the period 11% (see, Tire Recycler Edging S&P Index), beating the Standard & Poor's Environmental Index.Shares of GreenMan Technologies opened Friday, June 20 at $1.52. According to the NASDAQ, the last reported short position was Dec 13, 2002. No short positions have been recorded since, which supports its lack of market resistance as average trading volume is 9,909 shares.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.
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