There won’t be recycling unless it can be made profitable warns Waste Management boss

There won’t be recycling unless it can be made profitable warns Waste Management boss

Source: There won’t be recycling unless it can be made profitable warns Waste Management boss

The chief executive of the largest recycling and waste management company in the United States has warned that recycling is increasingly unprofitable. Waste Management’s boss David Steiner revealed in the company’s first quarter results that recycling prices had fallen by 14% from January to March, forcing revenue from this income stream down by $70 million (£45.3 million). This was the major contributing factor to an overall fall in revenue to $3 billion for the quarter and a loss of $129 million for the three months to March.

 

0
Like
Save