Sims Limited (formerly Sims Metal Management Limited) is a global environmental services conglomerate, operating through a number of divisions, with a focus on: (a)

Ferrous In chemistry, the adjective Ferrous indicates a compound that contains iron(II), meaning iron in its +2 oxidation state, possibly as the divalent cation Fe2+. It is opposed to " ferric" or iron(III), meaning iron in its +3 oxidation state, suc ...

and

Non-ferrous metal In metallurgy, non-ferrous metals are metals or alloys that do not contain iron ( allotropes of iron, ferrite, and so on) in appreciable amounts. Generally more costly than ferrous metals, non-ferrous metals are used because of desirable prop ...

recycling, (b) enterprise data destruction and cloud asset management (c) post-consumer electronic goods recycling and reuse, (d) municipal waste recycling, (e) gas to energy, and (f) waste to energy. Founded in 1917, its primary operations are located in the United States, Australia and the UK.

History

Sims Metal Management was established in 1917 by Albert Sims, a recycled metals dealer in

Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mounta ...

, Australia. The business was incorporated as Albert G. Sims Limited in 1928 and was renamed Simsmetal Limited in November 1968. In November 1970, Sims merged with Consolidated Metal Products Limited and the merged ASX, listed company was named Sims Consolidated Limited. In May 1979, Sims Consolidated Limited was acquired by

Peko-Wallsend Peko-Wallsend was an Australian mining company. History Peko-Wallsend was founded in 1961 when Peko Mines merged with Wallsend Investments. In 1962 Peko-Wallsend purchased Toll Transport. In January 1968, Peko-Wallsend acquired a majority share ...

and subsequently delisted.History
Sims Metal Management In February 1988, Sims entered the US scrap recycling market through the acquisition of LMC Corporation, located in the state of

California California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the m ...

. In August 1988, Sims Consolidated Limited was included in the purchase of Peko-Wallsend by

North Limited North Limited was a diversified mining and resources company. Although based in Australia, its operations eventually extended to six continents. By the late 20th century the company had become the fourth largest iron ore exporter in the world wi ...

.SEC Filings NYSE
/ref> In 1989, North Limited sold the business to Elders Resources NZFP Limited, a diversified resources company. In 1990, Carter Holt Harvey made a successful

takeover bid In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to t ...

for Elders Resources NZFP Limited and divested that company's non-forestry businesses, which included Sims. Sims changed its name to Simsmetal Limited in 1990 and relisted on the ASX in November 1991. In August 1992, Sims expanded its presence in

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island coun ...

through the merger of its business there with the ferrous recycling operations owned by Pacific Steel Industries, a Fletcher Building company. This joint venture, known as Sims Pacific Metals Limited, operates throughout

. In February 1995, Sims acquired a 51% ownership interest in Sims Bird Limited in the UK, which was its first major entry in the UK scrap metal market. The company acquired the remaining 49% of Sims Bird Limited in May 1998. In April 2000, Sims acquired Phillip Services (Europe) Limited in the UK, which significantly increased its presence in that market. In November 2002, Simsmetal Limited changed its name to Sims Group Limited. In October 2005, the company merged with entities operating certain of the recycling businesses of Hugo Neu Corporation, a privately owned US corporation. This merger provided Sims with a significant presence in southern

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

and

New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delawa ...

. In September 2007, Sims sold its Southern California business into a joint venture with Adams Steel. The joint venture, SA Recycling, is operated by Adams Steel and is one of the largest recyclers in the US operating over one hundred thirty facilities in fifteen states. On March 14, 2008, Sims issued 53.5 million

American depositary receipt An American depositary receipt (ADR, and sometimes spelled ''depository'') is a negotiable security that represents securities of a foreign company and allows that company's shares to trade in the U.S. financial markets. Shares of many non-U.S ...

s (ADRs), with a face value of A$1.5 billion, to purchase the issued capital of Metal Management Inc. (MMI) in the US. MMI was one of the leading full-service

scrap metal Scrap consists of recyclable materials, usually metals, left over from product manufacturing and consumption, such as parts of vehicles, building supplies, and surplus materials. Unlike waste, scrap has monetary value, especially recovered m ...

recyclers in the US, with locations in 17 US states. The acquisition was designed to strengthen Sims' position in the North American scrap recycling market, increase the opportunity to be a supplier of raw materials to US

steel mill A steel mill or steelworks is an industrial plant for the manufacture of steel. It may be an integrated steel works carrying out all steps of steelmaking from smelting iron ore to rolled product, but may also be a plant where steel semi-fini ...

s, and expand its presence in non-ferrous products. The acquisition was complementary, because Sims' operations in North America were primarily export-focused, while MMI's operations were primarily domestic-focused, and included a large

non-ferrous In metallurgy, non-ferrous metals are metals or alloys that do not contain iron (allotropes of iron, ferrite, and so on) in appreciable amounts. Generally more costly than ferrous metals, non-ferrous metals are used because of desirable proper ...

recycling business. The acquisition of MMI in March 2008 created the world's leading

publicly traded A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( ...

recycling company. In November 2008, shareholders approved the changes of the corporate name to Sims Metal Management Limited.

Divisions

Metals Recycling

Sims Metal Management buys

ferrous In chemistry, the adjective Ferrous indicates a compound that contains iron(II), meaning iron in its +2 oxidation state, possibly as the divalent cation Fe2+. It is opposed to " ferric" or iron(III), meaning iron in its +3 oxidation state, suc ...

metal from metal dealers, peddlers, auto wreckers, demolition firms and others who generate obsolete metal and from manufacturers who generate industrial metal.

metal is processed for resale using a variety of methods, including sorting, shredding, cutting, torching, baling or breaking. After processing, ferrous recycled metal is sold to end users such as EAF mills, integrated

, foundries and brokers. Sims sources

metals from manufacturers, known as production offcuts, and from generators of electricity,

telecommunication Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that ...

service providers and others who generate obsolete metal. Peddlers and metal dealers, who collect from a variety of sources, also deliver material directly to their facilities. In addition, the company generates significant quantities of

metal as a byproduct. Sims Metal Management operates a geographically diverse network of processing facilities, with numerous deep-water port access, supported by an extensive network of feeder yards which source recyclable

and

metals. Sims Metal Management today has over 130 physical operations in

North America North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and th ...

, 57 in

Australasia Australasia is a region that comprises Australia, New Zealand and some neighbouring islands in the Pacific Ocean. The term is used in a number of different contexts, including geopolitically, physiogeographically, philologically, and ecologic ...

, and more than 37 locations in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and ...

and Continental

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

Electronics Recycling

Sims Recycling Solutions (SRS) is the company's electronics recycling division. This includes product de-manufacturing and processing operations, and commonly is referred to as e-recycling. SRS offers comprehensive and cost-effective recycling services for “end-of-life” and redundant electrical and electronic equipment and materials, ranging from product assessment to recycling. SRS provides services for

Original Equipment Manufacturers An original equipment manufacturer (OEM) is generally perceived as a company that produces non-aftermarket parts and equipment that may be marketed by another manufacturer. It is a common industry term recognized and used by many professional or ...

, Contract Equipment Manufacturers, suppliers, importers, lease and finance companies, sector organizations and end users to enable them to comply with their responsibilities under relevant environmental regulations, including the European Union's Directive 2002/96/EC on

Waste Electrical and Electronic Equipment Electronic waste or e-waste describes discarded electrical or electronic devices. Used electronics which are destined for refurbishment, reuse, resale, salvage recycling through material recovery, or disposal are also considered e-waste. Informa ...

, or the WEEE Directive. Additionally, SRS offers business-to-business IT and electronic equipment asset management and recovery service that operates across a global network. The company's services include the management and control of the entire asset management process, including transport, coordination, product identification, asset registration and reporting. SRS offers clients the option of

redeployment Military deployment is the movement of armed forces and their logistical support infrastructure around the world. Notable deployments and deployment forces include: * Egyptian Rapid deployment forces * Pakistan Armed Forces deployments * Deployme ...

, reclamation of parts and/or resale and recycling, delivering legal compliance as well as a potential financial return from the resale of refurbished equipment. SRS has 42 facilities operating globally offering a range of services including the collection, refurbishment and re-sale of working equipment, parts recovery for resale, mechanized testing and processing of monitors, mechanical recycling of e-recycling and secondary smelting and refining of high grade electronics by-product materials. Sims recycling facilities in the UK specialize in fragmenting domestic and commercial fridges, as well IT asset management solutions. SRS locations in Australasia address the growing social and environmental problem represented by end-of-life computers and other information technology equipment with locations in Australia, India, Dubai, and South Africa.

Municipal Recycling

Sims Metal Management also recycles post-consumer materials through a 20-year recycling contract with the New York City Department of Sanitation, which became effective in January 2009. Under this contract, the company is responsible for all curb-side recycling material, including all plastic, glass and metal on behalf of the City of New York. Packer trucks owned and operated by New York City deliver recyclables as a 26 commingled product to the company's facilities. The commingled product then is processed using a series of screens, magnets,

eddy currents Eddy currents (also called Foucault's currents) are loops of electrical current induced within conductors by a changing magnetic field in the conductor according to Faraday's law of induction or by the relative motion of a conductor in a magn ...

, optical sorters and conveyors. The recyclables are separated and sorted into ferrous and non-ferrous metals, different plastic resins, glass and residue. Then the recycled materials are shipped to US and non-US markets. SouthBrooklyn Marine Terminal Wind Turbine 02

SouthBrooklyn Marine Terminal Wind Turbine 02

In December 2013, Sims Metal Management opened a recycling facility at the

South Brooklyn Marine Terminal The South Brooklyn Marine Terminal (SBMT) is an intermodal shipping, warehousing, and manufacturing complex in the Port of New York and New Jersey. It is located along the Upper New York Bay, between 29th and 39th Streets in the Sunset Park and ...

on the

Upper New York Bay New York Harbor is at the mouth of the Hudson River where it empties into New York Bay near the East River tidal estuary, and then into the Atlantic Ocean on the east coast of the United States. It is one of the largest natural harbors in t ...

Sunset Park, Brooklyn Sunset Park is a neighborhood in the southwestern part of the borough of Brooklyn in New York City, bounded by Park Slope and Green-Wood Cemetery to the north, Borough Park to the east, Bay Ridge to the south, and Upper New York Bay to the ...

. Sims Municipal Recycling (SMR) managed construction of a new 11-acre recycling center on the Brooklyn waterfront from 2010 to 2013. SMR worked with geotechnical engineers to develop structural fill blends using "mole rock" from NYC tunneling projects mixed with recycled glass aggregate (RGA). More than 5,000 tons of RGA were blended with 20,000 tons of mole rock and used to elevate sections of the site by 4 feet, thereby protecting buildings and equipment against sea level rise and storm surges.

Environmental Sustainability

The energy savings generated by Sims Metal Management were in excess of 14.3 million

MWh A kilowatt-hour (unit symbol: kW⋅h or kW h; commonly written as kWh) is a unit of energy: one kilowatt of power for one hour. In terms of SI derived units with special names, it equals 3.6 megajoules (MJ). Kilowatt-hours are a common bill ...

, enough to power around 4.3 million average households.Sims Metal Management Social Responsibility
/ref> Saving this energy also prevented the emission of 15.2 million metric tons of to the atmosphere, equivalent to that absorbed by 15 million trees over a 100-year life span. In 2013, Sims Metal Management was nominated as one of the world's 100 most sustainable companies at the

World Economic Forum The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...

in Davos, Switzerland for the fifth Year in a row. The company also joined as an Index Component in the World Index of the

Dow Jones Sustainability Index The Dow Jones Sustainability Indices (DJSI) launched in 1999, are a family of indices evaluating the sustainability performance of thousands of companies trading publicly, operated under a strategic partnership between S&P Dow Jones Indices and Ro ...

(DJSI). Sims has participated in numerous voluntary sustainability disclosures including the

Carbon Disclosure Project The CDP (formerly the Carbon Disclosure Project) is an international non-profit organisation based in the United Kingdom, Japan, India, China, Germany and the United States of America that helps companies and cities disclose their environmental i ...

for the past eight years and the Carbon Disclosure Project's Water Disclosure initiative for the past three years. The company was also recently added to the Euronext Vigeo World 120 index for exemplary corporate social responsibility. Metal Recycling Plant burning

Sims is heavily focused on reducing the potential risk of fire at their scrap metal recycling facilities. In light of the stockpiled material fires which occurred in 2013 at the company's

Redwood City, California Redwood City is a city on the San Francisco Peninsula in Northern California's Bay Area, approximately south of San Francisco, and northwest of San Jose. Redwood City's history spans its earliest inhabitation by the Ohlone people to being a ...

and

Jersey City, New Jersey Jersey City is the second-most populous city in the U.S. state of New Jersey, after Newark.List of oldest companies in Australia This list of oldest businesses and companies in Australia includes businesses, whether incorporated or organised in a different form (such as a partnership). However, the list excludes non-commercial associations and educational, governmental, or ...

References

External links

* {{S&P/ASX 200 Companies formerly listed on the New York Stock Exchange Companies listed on the Australian Securities Exchange Waste management companies of Australia Recycling in New York City Waste management infrastructure of New York City Dual-listed companies Australian companies established in 1917 Manufacturing companies of Australia Waste companies established in 1917