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
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.