NEW YORK The imminent re-leasing of land operated by Sims Metal Management Ltd. at the Port of Albany is likely to trigger a heated bidding process as at least one other major recycling company has confirmed it will compete for the site.
Market sources and an official at the Albany Port District Commission said a 12-acre parcel at the New York port will be opened to a new lease bidding process sometime next week.
Sims reportedly has operated a metal recycling facility on the land for the past three decades, and AMM understands its lease expires March 31.
A Sims spokesman said the company had no comment on whether or not it will bid for the land again, but its most recent neighbor and competitor at the Albany port, Upstate Shredding-Ben Weitsman & Son Inc., told AMM it will compete for the lease.
I am bidding and have put together an amazing proposal for the port, where I wish to install a 10,000-horsepower shredder, said Adam Weitsman, president of the Owego, N.Y.-based company. Sims operates Hudson River Recycling there. This property is adjacent to the 18 acres I just leased on Jan. 1 for my own port. If I win and Sims loses, I will throw them ... out.
Upstate Shredding-Ben Weitsman announced last month it had secured the lease for an 18-acre parcel at the port, north of the portion leased to Sims (amm.com, Dec. 4).
Albany is the most important deal I have ever put together. I would love taking over adjoining Sims property and combine the parcels, making a 28-acre mega-yard, Weitsman said.
A public call for proposals is scheduled for early next week and the bid proposal period will run through the entire month of February and could extend until mid-March, according to a port official. When anybody puts in a response, it will be put to the board of commissioners and the best proposal for Albany will be chosen, he said.
Apart from Sims and Upstate Shredding, two other scrap companiesRensselaer Iron & Steel Inc. and Capital Scrap Metal Co.also lease land at the port.
An industry source said it is likely that all four will express interest in the property.