United States – Sims Recycling Solutions (SRS) is to close its Elkridge recycling facility near the US city of Baltimore following the loss of a contract to process military devices. The company has handled military scrap for the US Department of Defense’s Defense Logistics Agency for several years but, following a recent bidding process, the award has been made to other parties
‘We define our bidding prices based on targeted levels of profitability that could represent an attractive return to our shareholders,’ explains SRS’ global president Steve Skurnac in E-scrapnews.com. ‘As those levels of price and profitability were not acceptable by the customer, we concluded that the contract was no longer attractive enough to Sims.’
The Elkridge plant, which employs 86 people, will close its doors in March.
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