Cleanaway’s proposed $2.52 billion acquisition of Suez’s Australian assets has been scrapped, as French waste management giants Suez and Veolia agree to merge.
Cleanaway has entered into an agreement to acquire the Australian assets of French waste management company Suez for $2.52 billion.
Solving Australia’s waste crisis will require recovery solutions at every level of the waste hierarchy and resource chain. Cleanaway’s Mikaela Orme explains.
In his final set of financial and operational results, departing CEO, Vik Bansal announced Cleanaway’s statutory net profit of $79.4 million for the first half of the financial year, up 75 per cent on the half year prior.
Construction is now underway on a recycling facility in Albury-Wodonga that will see the equivalent of one billion PET plastic bottles recycled each year.
Cleanaway CEO and Managing Director Vik Bansal is stepping down as part of an orderly leadership transition.
The Federal and Victorian Governments are turbo-charging Victoria’s recycling infrastructure, with a major investment that will double the state’s domestic glass recycling capacity, increase its plastic recycling by 40 per cent and create 350 jobs.
Cleanaway has released its FY20 Modern Slavery Statement to identify and mitigate any potential modern slavery risks in Cleanaway’s operations and supply chain.
Cleanaway and Coles have launched a depackaging unit in Brisbane to convert food waste into nutrient-rich compost, the first of its kind in Queensland.
Following the release of Cleanaway’s earnings, CEO Vik Bansal shares how the leading waste management company grew and remained resilient through delivering its 10-year strategic plan.