that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . april 2015 learn how and when to remove this template message sims metal management ltd. type public traded as asx sgm otcqb smsmy industry metal recycling headquarters new york key people galdino claro ceo geoffrey brunsdon chairman products ferrous and non ferrous secondary metals revenue 7.2 billion fy13 operating income 297 million fy13 profit 17 million fy13 number of employees 6 393 fy13 website www.simsmm.com sims metal management is the leading metals and electronics recycling company in the world . the company specializes in ferrous and non ferrous metals recycling post consumer electronic goods recycling and municipal waste recycling . its primary operations are located in the united states australia and the uk . 2 contents 1 history 2 divisions 2.1 metals recycling 2.2 electronics recycling 2.3 municipal recycling 3 environmental sustainability 4 references history edit sims was originally established in 1917 by albert sims as a sydney australia based recycled metals dealer . 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 limited and subsequently delisted . 3 in february 1988 sims entered the us scrap recycling market through the acquisition of lmc corporation located in the state of california . in august 1988 sims consolidated limited was acquired by north limited previously known as north broken hill holdings limited and then north broken hill peko limited . 4 in 1989 north limited sold the business to elders resources nzfp limited a diversified resources company . 5 in 1990 carter holt harvey limited made a successful takeover bid for elders resources nzfp limited and divested that company s non forestry businesses which included sims . 6 sims changed its name to simsmetal limited in 1990 and relisted on the asx in november 1991 . 7 in august 1992 sims expanded its presence in new zealand through the merger of its new zealand business with the ferrous recycling operations owned by pacific steel industries a fletcher building limited company . this joint venture known as sims pacific metals limited operates throughout new zealand . 8 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 our presence in this market . 9 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 the us market broadly and particularly in southern california new york and new jersey . 10 on march 14 2008 sims issued 53.5 million adrs with a fair 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 recyclers in the us with locations in 17 us states . the acquisition was consummated to strengthen their position in the north american scrap recycling market increase the opportunity to be a supplier of raw materials to us steel mills and expand their presence in non ferrous products . the acquisition was complementary as operations in north america were primarily export focused while mmi s operations were primarily domestic focused and included a large non ferrous recycling business . the acquisition of mmi in march 2008 created the world s leading publicly traded recycling company . in november 2008 shareholders approved the changes of the corporate name to sims metal management limited . 11 divisions edit metals recycling edit sims metal management buys ferrous metal from metal dealers peddlers auto wreckers demolition firms and others who generate obsolete metal and from manufacturers who generate industrial metal . ferrous 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 steel mill foundaires and brokers . 12 sims sources non ferrous metals from manufacturers known as production offcuts and from generators of electricity telecommunication 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 non ferrous metal as a byproduct . 13 sims metal management operates a geographically diverse network of processing facilities with numerous deep water port access 14 supported by an extensive network of feeder yards which source recyclable ferrous and non ferrous metals . 15 sims metal management today has over 130 physical operations in north america 57 in australasia and more than 37 locations in the united kingdom and continental europe . 16 electronics recycling edit 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 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 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 reclamation of parts and or resale and recycling delivering legal compliance as well as a potential financial return from the resale of refurbished equipment . 17 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 . 18 sims recycling facilities in the uk specialize in fragmenting domestic and commercial fridges as well it asset management solutions . 19 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 . 20 21 municipal recycling edit 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 . 22 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 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 . 23 in december 2013 sims metal management opened a state of the art recycling facility at the south brooklyn marine terminal on the upper new york bay in sunset park brooklyn . 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 . 24 environmental sustainability edit the energy savings generated by sims metal management were in excess of 14.3 million mwh enough to power around 4.3 million average households . 25 saving this energy also prevented the emission of 15.2 million metric tons of co2 to the atmosphere equivalent to that absorbed by 15 million trees over a 100 year life span . 26 in 2013 sims metal management was nominated as one of the world s 100 most sustainable companies at the world economic forum in davos switzerland for the fifth year in a row . 27 the company also joined as an index component in the world index of the dow jones sustainability index djsi . 28 sims has participated in numerous voluntary sustainability disclosures including the carbon disclosure project for the past eight years and the carbon disclosure project s water disclosure initiative for the past three years . 29 the company was also recently added to the euronext vigeo world 120 index for exemplary corporate social responsibility . 30 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 31 and jersey city new jersey 32 locations sims has considered factors such as stockpile size and the use of technology such as heat sensors . references edit 1 sims metal management about us sims metal management history sec filings nyse sec filings nyse sec filings nyse sims metal management history sims pacific metals about us sims metal management 20f american recycler reuters metal management completes merger with sims group limited sims metal management scrap ferrous metal sims metal management scrap non ferrous metal sims metal management capabilities sims metal management transportation and logistics bloomberg businessweek company overview sims metal management electronics recycling recycling today e stewards sims metal management electronics recycling recycling today secondary commodities middle east recycling today middle east conference electronics recycling waste management world opening for sims facility in new york sims metal management sunset park facility sims metal management sunset park facility sims metal management social responsibility sims metal management social responsibility sims metal management sustainability business wire sims metal management added to dow jones sustainability sims metal management sustainability 2014 euronext vigeo world 120 csr index redwood fire jersey city fire retrieved from https en.wikipedia.org w index.php title sims metal management & oldid 733320275 categories companies formerly listed on the new york stock exchangecompanies listed on the australian securities exchangewaste management companies of australiahidden categories articles with a promotional tone from april 2015all articles with a promotional tone navigation 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