BINGO has opened a new $100 million mixed waste recycling facility, at the company’s Eastern Creek Recycling Ecology Park.
BINGO has agreed on a scheme implementation with Macquarie, which will see Macquarie acquire 100 per cent of BINGO’s capital share.
A consortium led by Australian private equity firm CPE Capital has made a $2 billion bid to buy ASX-listed company BINGO Industries.
BINGO Industries generated $18.1 million in recycled product sales in the 2020 financial year, according to the company’s recently released Sustainability Report.
With the introduction of Portable Analytical Solutions’ microPHAZIR asbestos testing, Bingo Industries is meeting and exceeding its environmental and human health obligations.
One of Australia’s few Federal Government accredited waste courses has undergone a revamp to meet present day industry standards and challenges.
Waste services continue to grow rapidly, with new talent comprising engineers and environmental science graduates joining the expanding workforce.
The waste sector employs around 50,000 people and contributes more than $50 billion to the Australian economy. While the bread and butter of waste – transportation – remains a central part of the industry, the sector as a whole needs to remain nimble if it is to meet the challenges of the future.
Based in Sydney, Academy Green Learning has for years offered Certificates III and IV in Waste Management. All Academy Green Learning trainers have extensive professional development not only in the vocational areas of waste, but also in the industry with an abundance of real-life experiences to draw from.
They maintain this currency by working closely with present-day employers who are seen to be leaders in the industry.
The Federal Government-accredited courses have continued to help upskill the waste sector, but this year have been updated to reflect the contemporary landscape.
Mani Kasmani, Training Assessor at Academy Green Learning, says the courses underwent an overhaul to reflect modern regulations and the international market, including China’s National Sword policy.
He says that for example, the new courses reflect a need to cover workplace health and safety (WHS) harmonisation, which has traditionally caused problems in organisations operating in multiple states and territories.
Mani says that some of the important elements of the WHS discussion outlined in the course is the need to meet Chain of Responsibility (CoR) requirements. Under the CoR, if you are named as a party in the chain of responsibility, and you exercise or are capable of exercising control or influence over any transport task, you have a responsibility to ensure you comply with the law.
“One of the things we cover is the CoR and traffic control, which is about reminding drivers and those unloading goods that they need to comply,” Mani says.
Mani adds that the importance of safe handling of goods in the logistics sector, coupled with the need for appropriate equipment such as personal protective equipment, makes the courses particularly pertinent. He adds that additional regulation around asbestos and WHS is also prompting a need for greater professional development.
Shadi Faraj, Group Training Manager at BINGO Industries, says that more than 100 staff at BINGO’s Eastern Creek, Alexandria and Auburn recycling centres have benefited from the Certificate III in Waste Management and Certificate III in Driving Operations.
Shadi, who manages registered training organisation courses at BINGO, says the Academy Green courses have attracted a diverse range of employees, from drivers to labourers and machine operators.
Drivers have undertaken the Driving Operations course in NSW and Victoria.
“Team members are learning more about the theory behind the practical application they do everyday. It’s knowing that the outcome of their work can affect the final product and the recycling economy and taking steps towards best practice,” Shadi explains.
Shadi says that for some BINGO employees this is their first foray into professional development.
“Many people have come to me and thanked me for putting them through the course. The further along the course they go, the more positive effect and impact it has had.”
He says CoR lessons have been of great relevance to BINGO employees, in addition to safe handling of waste.
“It relates back to standards and the importance of doing your due diligence when it comes to inspection,” Shadi says.
Shadi says that ultimately the courses are relevant to anyone in the waste sector and he is proud of BINGO’s commitment to professional development. He says that BINGO Industries will continue to undertake Academy Green courses as part of the company’s education and training.
“There’s a lot of customisation to suit our onsite requirements, which is great,” he says.
Ardil Domingo, General Manager at Academy Green Learning, says there has been an increasing focus from the waste sector on nationally certified training. Over the past few years, Academy Green Learning has had a noticeable increase in enquiries and, in turn, enrolments into these qualifications.
The courses are primarily offered in-person in NSW where Academy Green Learning is based but offered online in other states.
Ardil says the course is provided under the Federal Government’s traineeship program which offers employer incentives for eligible staff.
“There aren’t many nationally recognised qualifications apart from those offered by Academy Green Learning,” he says.
The Certificate III in Waste Management (CPP30719) is suited to those engaged in waste management who undertake collection and processing across government and the private sector.
Ardil says the Certificate III is relevant to someone new to the industry who could be involved in machine operations and waste.
The course consists of four core units and eight elective units with core units focusing on waste identification and segregation, identifying and responding to hazards and emergencies and following WHS procedures.
“One of the most important aspects of the course is the safety units. Recycling plants are operating big machines and there can be a number of hazards in the form of smell and health,” Ardil says.
Electives cover an array of topics such as complying with environment protection requirements, maintaining storage areas, operating compost processing plant, machinery and equipment and applying awareness of dangerous goods and hazardous materials requirements.
Ardil says that the Certificate IV is suited to someone of high-level experience and in a managerial or supervisory position.
“It covers anything from conducting audits and management plans to assisting with tenders.”
The Certificate IV in Waste Management covers those in waste collection, processing, minimisation and recovery operations in supervisory, leadership or sales roles. The waste operations being targeted are similar to that of the Certificate III.
Individuals operating in waste management specification roles apply solutions to a defined range of predictable and unpredictable problems and provide leadership and guidance to others.
The core units are implementing and applying sustainable work practices, applying knowledge of WHS laws in the workplace and establishing developing and monitoring teams. Similar to the Certificate III, identifying and responding to hazards and emergencies is also covered.
Elective units comprise implementing erosion and sediment control measures, implementing site safety plans, conducting waste audits and a range of other areas to suit the applicant.
Mani says that importantly, the courses are fun, encourage active participation and are an open platform to share knowledge and experience.
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BINGO has withdrawn its FY20 earnings guide as a result of the impact of COVID-19, but highlighted it remains well positioned over the medium term to capitalise on positive future regulatory and market tailwinds underpinning the business.
In a statement, BINGO highlighted as a result of measures announced by both state and federal governments to close non-essential gatherings, commercial and industrial waste volumes are likely to be impacted.
The greatest impact is expected to be in the commercial, retail, hospitality and shopping centre end marks.
“Although we have seen minimal disruption to existing construction projects, disruptions to the supply chain arising from the COVID-19 as well as economic dislocation are expected to result in some delays to the commencement of new projects,” the statement said.
“We expect this will continue in the short-term and will likely impact volumes and market pricing in the building & demolition (B&D) sector. As and when activity recovers, BINGO would expect to benefit from government stimulus packages aimed at fast tracking infrastructure and construction activity.”
The company highlighted its strong balance sheet, backed by significant property assets, noting it was confident it can meet all future cash requirements.
“We are taking proactive measures to ensure the safety of our people, sustained services to our customers and the preservation of cash flow to ensure the business is in the best position possible.”
BINGO Managing Director Daniel Tartak said the company had a strong first three quarters of FY20 and is in a solid financial position.
“Our customers are our partners, and we will continue to work with them to ensure safe and ongoing collections and waste services during this time,” he said.
“First and foremost, we are taking all the necessary precautions to safeguard the safety of our people. We have also proactively implemented business continuity plans to ensure our business continues to operate efficiently during this time of great uncertainty.”
“Despite the immediate challenges from COVID-19, BINGO remains well positioned over the medium- term to capitalise on the positive future regulatory and market tailwinds underpinning the business.”
Last year, Bingo Industries acquired Dial A Dump Industries (DADI) and set its sights on building a resource recovery park as part of the acquisition.
BINGO Industries agreed to divest its recycling facility in Banksmeadow, NSW to ease ACCC competition concerns regarding its $578 million acquisition of DADI. The ACCC required Bingo to divest the facility to maintain competition for B&D processing in Sydney’s eastern suburbs.
Following this, the ACCC announced it would not oppose the acquisition after accepting a court-enforceable undertaking from BINGO to divest its Banksmeadow processing facility. CPE Capital was announced as the buyer for $50 million in September.
In announcing the company’s full-year results in August, Daniel noted that the asset base secured through the acquisition would transform the business for many years to come. Some of its most recent redevelopments include Bingo’s first recycling centre in West Melbourne, Victoria, having first entered the market in 2017 through several strategic acquisitions.
BINGO Industries has opened its newest recycling centre in Mortdale, Sydney, with a license to collect 220,000 tonnes of commercial and industrial waste each year.
Located in close proximity to major transport routes the M5 Motorway and King Georges Road, BINGO CEO Daniel Tartak said the new facility provides a convenient tipping location for South West Sydney’s construction and demolition and commercial and industrial waste.
“This is an exciting milestone for our larger Sydney network redevelopment, and our Mortdale facility has been designed to play an important transfer and collections role within this network.” he said.
According to Mr Tartak, the facility has been built to comply with BINGO’s high standards of safety and environmental management, with advanced safety systems including fire protection hydrants, hose reels, sprinklers, water storage tanks, traffic barriers and CCTV inspection cameras.
100 kilowatts of roof-mounted solar panels have also been installed, which will see BINGO save roughly 2500 tonnes of carbon emissions over the life of the panels.
“The facility is a great example of what investment in recycling infrastructure can achieve, even at a smaller site. What was once an outdated waste facility is now leading the way in terms of fire protection, traffic flow efficiency and site safety,” Mr Tartak said.
“Space is at a premium at this site. To ensure we get our customers in and out as quickly as possible, we’ve installed four split weighbridges, meaning we can have trucks weighing in and out at the same time.”
Materials tipped at BINGO’s Mortdale facility will be sorted through the newly installed onsite plant. Material off-take will then be transferred to BINGO’s Eastern Creek and Patons Lane recycling plants, where it will be turned into BINGO’s ECO-product range of recycled building and landscaping products.
“With construction activity expected to increase across Sydney over the coming year, the opening of our Mortdale facility is well-timed,” Mr Tartak said.
“Sydney’s population and economic growth is fuelling an increase in waste volumes, and we need recycling infrastructure such as this to prevent waste from going into landfill.”
Victoria’s landfill levy increase is set to have an immediate impact on recovery rates, according to Bingo Industries Managing Director Daniel Tartak.