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TOMRA Systems — Regulatory Filings 2017
Jul 29, 2017
3775_iss_2017-07-29_026bae5b-6af8-4f1a-8c0d-b7e75575844c.html
Regulatory Filings
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TOMRA: Successful Bid for Network Operator Role in the New South Wales Container Deposit Scheme
TOMRA: Successful Bid for Network Operator Role in the New South Wales Container Deposit Scheme
The New South Wales (NSW) Environment Minister Gabrielle Upton has today,
29.07.2017, announced that TOMRA's joint venture with Cleanaway ("TOMRA
-Cleanaway") has been appointed as the Network Operator for the State's
Container Deposit Scheme starting in December 2017. The Container Deposit Scheme
will be a vital contribution to NSW's litter volume reduction target of 40% by
2020. "This is the biggest initiative to tackle litter in the state's history
and it will make a massive difference to the amount of rubbish on our streets,
parks and waterways right across NSW," Environment Minister Upton said. "It will
also provide a fundraising opportunity for schools, community and sporting
groups, which share in millions of dollars every year in places, where similar
schemes have been running for decades."
TOMRA-Cleanaway has been awarded the Network Operator role across the whole of
NSW. The scheme commencement date is from 1stof December 2017 with the majority
of collection points operational and the rest up and running by the end of
February 2018.
TOMRA has entered into a 50/50 Joint Venture with Cleanaway Waste Management
Ltd. In this partnership TOMRA will provide technology, software and carry the
investment for the technology provided. Cleanaway will provide logistics,
sorting of collected material and act as broker for the related commodities.
"By partnering with an innovative leader like TOMRA, we're leveraging the
experience of the global leader in reverse-vending technology to deliver these
services in New South Wales.", says Cleanaway's CEO and Managing Director Vik
Bansal. "We are very happy to enter into this partnership with Cleanaway, the
leading waste management company in Australia", says TOMRA's President and CEO
Stefan Ranstrand. "Our two companies are a great fit and together we are
providing our core competences into the role of Network Operator."
There will be over 500 Collection Points across the state and more than half of
these will be automated with two or four reverse vending machines. More than 800
RVMs will be installed in total. The contract awarded has a duration of 5 years
with an option to extend for another 4 years.
"We are proud to be the preferred partner and to be part of a world class
Container Deposit Scheme in New South Wales", Ranstrand comments further. "New
South Wales is the first state in Australia to implement a deposit scheme where
large scale automated convenient solutions are being offered to the consumer.
Engaging with the consumer to make recycling relevant and personal is the only
way forward to make sure we are efficiently taking care of and reusing the
world's resources. A Container Deposit Scheme is the best way to promote closed
loop recycling and make sure we are addressing the major challenges we see today
such as marine littering and wasted plastic in our natural environment",
Ranstrand concludes.
TOMRA Systems ASA
Asker, 29.07.2017
For further information:
Elisabet V. Sandnes, Vice President Investor Relations/M&A, Tel: +47 97 55 79 15
Stefan Ranstrand, President and CEO, Tel: +47 97 47 72 70
ABOUT CLEANAWAY
Cleanaway Waste Management Limited is Australia's leading waste management
company, operating a national network of unique collection, processing,
treatment and post collection assets from over 200 locations across Australia.
The company is listed on the Australian Stock Exchange (ASE: CWY). For more
information on Cleanaway visit: http://www.cleanaway.com.au
ABOUT TOMRA
TOMRA was founded on an innovation in 1972 that began with design, manufacturing
and sale of reverse vending machines (RVMs) for automated collection of used
beverage containers. Today, TOMRA has ~90,000 installations in over 80 markets
worldwide and had total revenues of ~6.6 billion NOK in 2016. The Group employs
~3,500 globally, and is publicly listed on the Oslo Stock Exchange. (OSE: TOM).
The TOMRA Group continues to innovate and provide cutting-edge solutions for
optimal resource productivity within two main business areas: Collection
Solutions (reverse vending and material recovery) and Sorting Solutions
(recycling, mining and food sorting). For further information about TOMRA,
please see www.tomra.com