Dive Brief:
- Electronic waste management firm E-Waste Systems, Inc. announced a corporate expansion plan to facilitate its U.S. operations.
- The company has expanded in California, Ohio and New York through acquisitions of businesses and assets. EWSI has started operations at new facilities in Irvine, CA and Cincinnati, OH, while updating its plant in Geneva, NY.
- EWSI is using the aggressive growth strategy to attempt to position itself as the premiere sustainable solution in e-waste markets in the nation. Founder and CEO Martin Nielson said the company expects to take advantage of the “highly fragmented market.”
Dive Insight:
Martin Nielson said that cites the U.S. as an “enormous opportunity for growth.”
Nielson noted that the company plans to use the current worldwide focus on confronting and addressing e-waste issues as an opportunity to expand its reach at a global level. In February, the the company received two major investments from holding company Tanke to expand into China: one for $30 million and one for $2.3 million. In May, EWSI announced positive growth and increased revenue in Q1 as a result of new operations and acquisitions.
The global e-waste market, while growing rapidly, is not without its challenges: At an ISRI convention in May, a discussion focused on electronic waste in emerging markets, focusing on the ongoing challenge of infrastructure.
