Consolidation can boost Sims’ position: Claro

Nov 14, 2013 | 05:04 PM | Sean Davidson

Tags  Sims Metal Management, Galdino Claro, consolidation, ferrous scrap, Sean Davidson

NEW YORK — Sims Metal Management Ltd. can better integrate its operations across geographies and business units, new chief executive officer and managing director Galdino Claro said at the company’s annual general meeting this week.

Sims operates more than 270 facilities in 20 countries across five continents.

"In some regions our returns are best in class, while in other markets we struggle to break even. We need to leverage the scale of the business platform to learn from our own best-in-class operations and show that being the largest listed metal and electronics recycler in the world has greater value than simply bragging rights," Claro said.....





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