Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

TOMRA Systems Regulatory Filings 2017

Jul 29, 2017

3775_iss_2017-07-29_026bae5b-6af8-4f1a-8c0d-b7e75575844c.html

Regulatory Filings

Open in viewer

Opens in your device viewer

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