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Sims Metal Management Ltd

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Market:
ASX
Market Cap:
$2.19 billion
Price
10.80 AUD
Change
1.60%
52 weeks high
12.98
52 weeks low
8.53

In brief

Sims Metal Management Limited, formerly Sims Group Limited, operates predominantly in the secondary metal recycling industry. Its core business involves ferrous secondary recycling, which comprises the collection, processing and trading of iron and steel secondary raw material; non-ferrous secondary recycling, which comprises the collection, processing and trading of other metal alloys and residues, principally aluminum, lead, copper, zinc and nickel bearing materials; secondary processing, which comprises a value added process involving the melting, refining and ingoting of certain non-ferrous metals and the reclamation and reprocessing of plastics, and recycling solutions, which comprises the provision of environmentally responsible solutions to the disposal of post consumer products. On March 14, 2008, it acquired Metal Management Inc. In October 2008, it acquired Global Investment Recovery, Inc. In February 2009, it acquired All Metal Recovery Limited.