The Recycler Issue 333
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CITY NEWS<br />
OEM share prices<br />
July 2020<br />
Share Prices<br />
Prices correct as of 1 st July 2020<br />
EUROPE Ecoburotic, Ecoburotic UK, Recto Verso,<br />
Bodac.fr, M&A<br />
Company JUNE JULY<br />
Brother Industries (Yen) ¥ 2138 1936<br />
Canon (Yen) ¥ 2353.5 2133<br />
Dainippon Ink & Chemicals (Yen)<br />
Sun Chemicals parent company<br />
¥ 2919 2758<br />
HP Inc. (US$) $ 17.41 17.07<br />
Hubei Dinglong (RMB) ¥ 13.47 16.58<br />
Jadi (MYR) M 0.04 0.055<br />
LG Chem (S Korean Won) W 434k 509k<br />
Matsushita Electric Industrial Co.<br />
(Yen) Panasonic parent company<br />
¥ 1008 974.2<br />
Mitsubishi Chemicals (Yen) ¥ 671.3 639.1<br />
Ninestar Corporation (RMB)<br />
Formerly Apex Microelectronics<br />
¥ 32 35.08<br />
Oki (Yen) ¥ 1135 1073<br />
Seiko Epson (Yen) ¥ 1448 1253<br />
Turbon AG (Euro) € 2.1 2<br />
Xerox (US$) $ 18.46 15.73<br />
UK Waste Prices<br />
price per tonne<br />
Aluminium € 118.85 90.56<br />
Plastic € 256.67 175.84<br />
Paper € 22.42 23.6<br />
Currency<br />
€/US$ 1.13 1.13<br />
€/£ 0.89 0.9<br />
£/US$ 1.27 1.25<br />
£/€ 1.12 1.11<br />
Oil Price<br />
Crude oil - (US$) 'Brent Crude<br />
futures, 1-Pos IPE close' per barrel*<br />
Shipping Prices<br />
Europe<br />
(Hamburg/Antwerp/Felixstowe<br />
/Le Havre)<br />
Mediterranean<br />
(Barcelona/ Valencia/Genoa/Naples)<br />
USWC<br />
(Los Angeles/Long Beach/Oakland)<br />
USEC<br />
(New York/ Savannah /Norfolk<br />
/Charleston)<br />
$ 42.21 43.48<br />
$ 880 907<br />
$ 931 970<br />
$ 2132 2920<br />
$ 2738 3459<br />
Sources: HMRC, FT.com, krx.co.kr tse.or.jp, Environment Exchange,<br />
packagingnews.co.uk *Brent Crude price is for June 2020<br />
France: Ecoburotic and<br />
Recto Verso merge<br />
Ecoburotic, the office print specialist located in Rouvignies<br />
in northern France has taken over fellow print specialist<br />
Recto Verso, based in Roubaix.<br />
Established in September<br />
2011, Recto Verso is a<br />
dedicated office printing<br />
specialist and according to their<br />
website provide “quality advice<br />
and services at very competitive<br />
prices.” <strong>The</strong> Armor-OWA<br />
brand stands out from the<br />
predominately OEM brand list<br />
the company promotes on their<br />
website.<br />
According to the French<br />
Directorate of Legal and<br />
Administrative Information<br />
bulletin Recto Verso has assets<br />
of €2,075,180 ($2,332,724)<br />
and liabilities of €800,615<br />
($899,742) and net assets of<br />
€1,274,565 ($1,432,773.)<br />
Similarly reported Ecoburotic<br />
capital of €6,000,000<br />
($6,745,193).<br />
<strong>The</strong> takeover of Recto Verso<br />
by Ecoburotic was published<br />
on the Bodac website on 16<br />
June 2020.<br />
Established in October 2001,<br />
earnings at the French parent<br />
Ecoburotic reflect the market<br />
changes. Earnings in 2018<br />
are reported at €30,722,230<br />
($33,839,379), down 17.5% on<br />
2016 earnings of €37,260,720<br />
($41,041,280).<br />
In July 2019 M2W, SAS with<br />
its registered office at 120 rue<br />
de Tourcoing 59100 Roubaix,<br />
coincidently the same address<br />
as Recto Verso was appointed<br />
chairman of Ecoburotic in<br />
place of Mr Laurent SIROT,<br />
who resigned. At the same<br />
time, Bruno Mazet also<br />
resigned from his functions as<br />
managing director. Mr Benoît<br />
Lepere and Mr Rodolphe<br />
Fournier were appointed as<br />
deputy managing directors.<br />
In May 2020 <strong>The</strong> <strong>Recycler</strong><br />
reported that the Ecoburotic<br />
wholly-owned subsidiary<br />
company Ecoburotic UK was<br />
closing. Matthew Carslake, the<br />
Loyalty Accounts Manager at<br />
Ecoburotic UK Ltd announced<br />
“Ecoburotic UK is closing<br />
down” and described it as the<br />
“end of an era.” ■<br />
22 <strong>Issue</strong> <strong>333</strong> August 2020
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