Weekly News Bulletin: Mar. 27-Apr. 2, 2003


Clean Harbors Releases Fourth-Quarter, Year-End Results

Clean Harbors, Inc. (Nasdaq: CLHB) has announced financial results for the fourth quarter and year ended December 31, 2002. The fourth quarter is the first full quarter to include results from the Chemical Services Division that Clean Harbors acquired from Safety-Kleen in September 2002. The company reported fourth-quarter revenues of $153.3 million, a 102 percent increase as compared with $75.8 million in the same quarter in 2001. Net income for the fourth quarter of 2002 was $4.9 million, or $0.29 per share, compared with net income of $3.8 million, or $0.27 per share for the same quarter of the prior year. For the full year 2002, Clean Harbors reported revenues of $350.1 million, a 39 percent increase compared with $251.6 million in 2001...Read More »



Allied Begins Offering of Common Stock, Preferred Shares

Allied Waste Industries Inc. has begun an offering of its common stock and mandatory convertible preferred shares to raise about $400 million. The company said proceeds from the offering would help repay amounts outstanding under its existing bank credit facility. Allied Waste's board approved a financing and divestiture plan, which included the placement of a $3 billion credit facility. The company also announced plans to cut about 500 jobs from its field work force in April and to initiate a pricing program in May aimed at its collection and landfill businesses. Allied Waste plans to issue about 12 million shares of common stock and about 6 million convertible preferred shares...Read More »



Pennsylvania Names "Dirty Dozen" State-Property Dumpsites

The Pennsylvania Department of Conservation and Natural Resources has named its "Dirty Dozen" list of contaminated sites on state property. The Dirty Dozen are a representative cross-section of the dumpsites identified on Pennsylvania forest and parklands. DCNR has cleaned 166 sites to date under its Forest Lands Beautification Program. The program provides up to $7.5 million over five years to clean up existing dumps on state forest and park lands by recycling or properly disposing of waste materials, monitoring sites and working with communities to reduce future dumping. More than 250 illegal dumpsites have been identified throughout Pennsylvania...Read More »



Anteon Wins $20M Navy Contract

Anteon International Corporation (NYSE: ANT) has been awarded a five-year task order to support the Southwest Division, Naval Facilities Engineering Command. This task order, issued under the GSA Environmental Advisory Services Schedule, has an estimated value of $20.6 million. Under this task order, Anteon will provide information technology, environmental analysis and program management professional services in a wide range of areas including: IT infrastructure and geospatial information systems; ecological risk assessment; environmental planning; and geostatistics and its use in environmental restoration...Read More »



Oklahoma Legislature Protests Kansas Landfill Proposal

The Oklahoma Legislature has joined a list of those opposing a proposed landfill in Harper County, Kansas. The landfill would be used for waste from Wichita, Kansas, which is currently being taken 150 miles to a landfill near Enid. The Kansas county borders Grant and Alfalfa counties in northern Oklahoma, and state lawmakers say the waste could pollute drinking water there. Other landfill opponents include officials from Blackwell, several cities and counties in Kansas, and the Nez Perce Indian Reservation. The Harper County Commission and its economic development committee support the landfill. Wichita's only landfill was closed in 2001 because of leaking contaminants...Read More »



Jamaica Announces Enforcement For New Regulations

Regulations have taken effect this week in Jamaica that will strengthen the nation's one-year-old National Solid Waste Management Authority. The lack of the requisite regulations, according to waste officials, has hampered efforts to get the authority fully off the ground. The act establishes guidelines for the authority, sets up collecting zones, and licenses waste disposal companies. Now that the regulations are in effect, persons found in breach of the act can be fined up to $1 million or sent to jail for a maximum of one year. There are now plans in place to increase the efficiency of Jamaica's solid waste collection system. About 20 garbage compactors will be obtained by the next financial year, and another 107 rolling units will also be added to the nation's garbage fleet...Read More »


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