The recycling equipment provider adds Timber Ridge Equipment and Stone Equipment Co.
Eggersmann North America has signed dealer agreements with Timber Ridge Equipment, Ephrata, Pennsylvania, and Stone Equipment Co., Montgomery, Alabama, expanding its coverage along the East Coast.
Eggersmann North America is the Pennsylvania-based subsidiary of Germany-based Eggersmann GmbH, a manufacturer of recycling equipment ranging from Forus preshredders to Teuton universal shredders to Terra Select screens and windsifters.
Effective the first of this year, Timber Ridge Equipment became the official and exclusive dealer for Eggersmann shredders and screeners in the sStates of Pennsylvania, New York, New Jersey, Maryland, Delaware, Connecticut, Massachusetts, Virginia, Vermont, New Hampshire, Maine and Rhode Island. The family business is owned by Tim and Marelda Martin and features a service department that can provide fast, high-quality service work in the field and in its own professional workshop.
To see the high-torque single-shaft shredder Z 60, the high-torque dual-shaft shredder SE 25 or the trommel screen T 60, contact tim@timberridgeequip.com or call 717-733-2453. Starting in May, Stone Equipment became Eggersmann’s official and exclusive partner for shredders and screeners in Alabama, Tennessee, Georgia, North Carolina, South Carolina, Florida and Mississippi.
The family-owned company already has a good reputation in the compost- and recycling industry, according to Eggersmann. With additional locations in Birmingham, Alabama; Hampton, Georgia; and future branches in the Carolinas and Tennessee, Stone Equipment has good coverage in sales and service within its territory, Eggersmann says. Stone’s environmental specialists are Nick Furey, nick@stonequipmentco.com and 904-903-8852, and Zack Gradwell, zack@stonequipmentco.com and 334-672-2297.
Eggersmann North America is the full-line supplier of trommel screens, star screens, shredders and self-propelled compost turners, engineered and manufactured in Germany and Poland. With its brands Terra Select, Teuton, Forus and Backhus, Eggersmann North America provides leading technology in the field of mobile recycling machines for almost all kinds of applications where shredding, screening or turning is required.
Landfill gas-to-energy company will be included in the Russell 3000 Index starting in late June.
Pittsburgh-based landfill gas-to-energy technology firm Montauk Renewables Inc. says it will join the Russell 3000 Index effective June 27. The company also recently was added to an MSCI USA Small Cap Index at the end of May.
Russell indexes are reconstituted annually to capture the 4,000 largest United States stocks as of May 6 of each year, ranking them by total market capitalization, according to Montauk.
“Montauk’s upcoming inclusion in the Russell 3000 Index and recent addition to the MSCI USA Small Cap Index demonstrates our recent progress and marks another significant capital markets milestone for the company following our initial public offering and listing on the Nasdaq in January 2021,” says Sean McClain, the firm’s president and CEO.
Adds McClain, “We welcome the increased exposure to the institutional investor community as we continue to execute against our strategic plan to optimize our existing operations and position ourselves for further growth with on-going evaluation of various strategic opportunities.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies, according to Montauk. Approximately $12 trillion in assets are benchmarked against Russell’s U.S. indexes, adds the firm.
The MSCI Global Small Cap Indexes captures small cap representation in 23 countries, comprised of nearly 4,500 constituent companies, according to the landfill gas-to-energy firm.
Montauk Renewables describes itself as having more than 30 years of experience in the development, operation and management of landfill methane-fueled renewable energy projects. The company has current operations at 15 projects located in seven different states.
The new CFO succeeds Brad Helgeson and brings more than two decades of experience to Covanta across a variety of industries.
Covanta, a leader in sustainable materials management and a provider of environmental solutions benefiting businesses and communities across North America, has announced the appointment of Gregg Kam as its new chief financial officer (CFO).
Kam succeeds Brad Helgeson, who left the Morristown, New Jersey, company June 1 after a 15-year tenure. Helgeson was instrumental in the development of Covanta's operational and financial strategy, and his contributions were central to many of the successful steps taken to create value for shareholders.
"I am thrilled to join Covanta, especially during this chapter in its history," Kam says. "There are many exciting developments ahead, and I look forward to being a valuable partner to the leadership team as we look to meet our ambitious strategic goals."
As CFO, Kam will lead Covanta's financial activities and its finance organization, including accounting and controllership, financial planning and analysis, tax issues, internal audit and treasury. He will report to President and CEO Azeez Mohammed and act as a strategic partner to the board of directors and private equity sponsor, supporting the company's growth objectives through organic and inorganic activities.
"Gregg brings a wealth of business acumen and leadership to this role at a critical time for Covanta," Mohammed says. "Most notably, his significant private equity experience gives us a great advantage in maximizing our growth potential as we take the company to the next level. I am pleased to welcome him to the team."
Kam brings more than two decades of experience to the CFO post at Covanta, including stints as CFO with kdc/one, a leader in custom formulation, package design and manufacturing solutions for beauty and personal care items; Sonneborn LLC, a manufacturer of specialty hydrocarbons; The Newark Group Inc., a manufacturer of recycled paperboard products; and International Specialty Products Inc, a global specialty chemical manufacturer.
Kam holds a master’s degree in business administration in finance from the New York University’s Stern School and is a certified public accountant.
The company will move from its current location in Illinois.
Caterpillar Inc. has announced it will move its global headquarters to the company’s existing office in Irving, Texas, from its current location Deerfield, Illinois.
“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” says Chairman and CEO Jim Umpleby.
Caterpillar traces its roots to co-founders Benjamin Holt and C.L. Best. In 1890, Holt invented a steam tractor while shortly thereafter Best began to focus on early gasoline technology, according to the history section of the Caterpillar website.
The company’s use of tracks to replace wheels yielded the name Caterpillar in 1905, a designation that was formalized with a trademark registration in 1910.
Also in 1910, then California-based Caterpillar opened up a manufacturing plant in East Peoria, Illinois. The company expanded rapidly in Peoria, making the city its corporate home until 2017. That year, Caterpillar announced the move of its executive offices to suburban Chicago.
Caterpillar has had a presence in Texas since the 1960s across several areas of the company. Illinois remains the largest concentration of Caterpillar employees anywhere in the world.
A SWACO and EMC Research survey found that 82 percent of residents believe recycling and reducing waste can help decrease the impacts of climate change.
New research available from the Solid Waste Authority of Central Ohio (SWACO), Grove City, Ohio, shows central Ohio residents support existing diversion goals, view recycling and composting as important in their community and desire more opportunities to reduce reliance on the county landfill.
In February, SWACO partnered with Columbus-based EMC Research to conduct a survey of 1,300 Franklin County residents about attitudes and behaviors towards reducing waste and local recycling efforts. The survey found that 92 percent of residents reported that they believe recycling reflects well on their community and that cities and governments should be promoting recycling and composting. The survey also noted that 89 percent of residents support central Ohio’s efforts to reach 75 percent diversion by 2032, and an additional 82 percent believe that recycling and reducing waste can help reduce the impacts of climate change on their community.
“Reducing waste, recycling and using our resources more efficiently have become part of the fabric of our community and these results affirm that residents value their ability to act sustainably,” says Kyle O’Keefe, director of Innovation and Programs for SWACO.
Furthermore, 87 percent of residents find it convenient and easy to recycle, with 66 percent of households reporting that they make above-average efforts to do so. However, when asked about barriers to recycling, 74 percent of residents are confused about keeping track of what items are accepted for recycling.
Franklin County’s residential recycling program has changed over the last couple of years, expanding to accept more materials and emphasizing education about the correct way to recycle. To help improve recycling confidence, SWACO has been working with local communities to deploy the Recycle Right, Make A Difference campaign which resulted in improvements in recycling behaviors.
When asked about the specific issue of food waste the single largest source of material in the waste stream 83 percent of Central Ohioans are concerned about the amount of food being wasted and 78 percent support a curbside food waste collection program for composting.
In recent years, SWACO has launched a collaborative food waste initiative to help combat food waste throughout the region which has led to the development of new services and programs such as publicly available drop-offs for food scraps and the launching of the Save More Than Food campaign. SWACO is currently working with regional communities to explore the development of a new composting infrastructure that would help to enhance food waste diversion efforts and enable curbside collection programs.
The survey says residents also expressed a strong desire to see the private sector prioritize sustainability with 73 percent of residents reporting a greater likelihood to shop at businesses that use environmentally friendly products and recycle or compost their waste. Additionally, 78 percent of residents say they believe businesses should be required to offer recycling to customers and employees. An additional 80 percent desire to see recycling or composting efforts started or improved in their place of work or school.
“Supporting the private sector to strengthen their waste reduction and diversion efforts remains one of the biggest opportunities for our region,” O’Keefe says. “More and more companies recognize that sustainability and reducing waste have to be a core part of their business, and we’re here to help them.”
In the upcoming months, SWACO says it will be launching new programs and funding to help businesses establish best practices for recycling and waste reduction.
While the Franklin County Sanitary Landfill, owned by SWACO, receives more than a million tons of material every year, 76 percent has the potential to be diverted. To learn more about these efforts, click here.
Download a copy of the 2022 Public Opinion Poll Research results here.