06 May '11, 12pm

Waste Management Takes Two Big Steps in the Composting Business

Waste Management Takes Two Big Steps in the Composting Business

Waste Management Inc. , the firm striving to turn the traditional model of garbage handling on its head, is expanding its business in organics recycling by investing in a company that owns the largest composting facility in the eastern U.S. and by building a new organics processing site in Florida. The two moves announced this week are intended to strengthen Waste Management's position in organics processing and recycling and further the firm's efforts to recast its business model. Waste Management is working to transform itself into a company that does not merely dispose of rubbish, but provides solutions that derive value from it. That includes reducing waste, recycling it and tapping markets for products made with the recycled materials. "We want to extract the highest value possible from the materials we manage," Waste Management executives Tim Cesarek, managing direct...

Full article: http://www.greenbiz.com/news/2011/05/06/waste-management-...

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