Demolition, Removal and Recycling Opportunities Fueling New Projects & Growth Potential for Waste Management Industry Operators
CORAL SPRINGS, Florida, September 9, 2015 /PRNewswire/ --
Recycling & Demolition programs around the U.S. and Globally focus on new operations as projects mushroom across the country and company awareness grows. Waste Management companies with recent developments are CES Synergies, Inc. (OTC: CESX), Waste Management Inc. (NYSE: WM), Republic Services Inc. (NYSE: RSG), Casella Waste Systems, Inc. (NASDAQ: CWST) and Nuverra Environmental Solutions, Inc. (NYSE: NES)
CES Synergies, Inc. (OTC:CESX), a full service environmental, asbestos abatement and demolition company, announced today that its subsidiary, Cross Environmental Services, Inc., was awarded a contract earlier this year valued at approximately $450,000 for demolition activities that are now set to commence on building 603 at Naval Air Station Pensacola. The building is a four-story 240,000 square foot office complex that is undergoing significant renovation. The third floor of the building is mission critical and will be renovated in phases to ensure that this area remains open for business. The other three floors will be conventionally renovated by CES without service interruption.
CES Synergies announced last week that CES Synergies' Subsidiary Cross Environmental Services has been awarded Bid Package 73 by the Louisiana Land Trust ("LLT"). This $437,550 project was awarded to its Chalmette office and is a continuation of the Hurricane Rita and Katrina clean-up efforts. To date, CES has completed approximately $14,000,000 worth of revenue for this customer under multiple, previous contracts. Additionally, CES has completed two projects that were awarded to CES' Chalmette office. Village Square, a demolition and abatement project has been completed and accepted by St. Bernard Parrish (Project Owner). The project consisted of 60,000 square feet of slab removal and two multi-story buildings. CES also completed a project for Plaquemines Parish that consisted of two sites consisting of 30 temporary structures and related infrastructure, with the subsequent addition of approximately 2,000 cubic yards of imported back fill.
Read the two CESX full Press Releases at http://www.financialnewsmedia.com/profiles/cesx.html
The Waste Management Composite Value increased to over 940.30 yesterday representing a positive change of 0.46%. In a recent Fortune article published this month, profits across the industry have been in free fall, due to technical challenges and changes in consumer behavior. A clip from the article states, "the recycling rate had more than tripled by 2015, and Waste Management (NYSE: WM) had become the largest residential recycler on the continent. The runner-up, Republic Services (NYSE: RSG), recycled almost 5 million tons in 2014; Waste Management WM 1.54% recycled more than 15 million tons. Today, the company's biggest challenge has little to do with the competition-it's the business of recycling itself that's the problem." To read the full article please go to http://fortune.com/2015/09/03/waste-management-recycling-business/?xid=yahoo_fortune
Fortune Magazine also announced that Waste Management has been named to Fortune Magazine's first ever "Change the World" list, which ranks companies that have made a sizable impact on major global social or environmental problems as part of their competitive strategy. Waste Management debuted at 46 on the list of companies who Fortune says are "doing well by doing good." For more info go tohttp://finance.yahoo.com/news/waste-management-named-fortune-magazine-141900643.html
Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling, and resource management services company, announced today that the company's management team will be presenting at the Imperial Capital Global Opportunities Conference on Thursday, September 17, 2015 at 8:00 a.m. Eastern Time. The Imperial Capital Global Opportunities Conference is being held at the Waldorf Astoria hotel in New York, New York. A copy of the presentation for the Imperial Capital Global Opportunities Conference will be available before the Company presents, and may be accessed via the Investors' section of the company's website at http://ir.casella.com . In addition, the presentation will be webcast live via a link on the company's website.
Nuverra Environmental Solutions, Inc. (NYSE: NES), another Waste Management Sector performer, closed up over 6% on Tuesday at $2.69. Nuverra provides full-cycle environmental solutions to customers focused on the development and ongoing production of oil and natural gas from shale formations in the United States. Mark D. Johnsrud, Chairman of the Board and Chief Executive Officer, commented back in August, "As expected, the industry environment proved to be challenging throughout the second quarter, with a further decline in overall drilling and completion activities coupled with pricing concessions that impacted the full quarter. See the NES full financial results at http://finance.yahoo.com/news/nuverra-reports-second-quarter-date-110000331.html
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