Scrap company signs port deal. (Scrap Industry News).A Northeastern scrap recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. firm is poised to do more exporting for the next 12 months. Rensselaer Iron & Steel and Grimmel Industries of Maine, two companies operated by the same ownership group, signed a deal in late January with the Pease pease n. pl. pease or peas·en Archaic A pea. [Middle English; see pea. Development Authority (PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). ) to increase the amount of scrap metal being shipped out of the Port of Portsmouth, N.H. The PDA's contract with the scrap metal company will give the Rensselaer, N.Y.-based firm the opportunity to load ships at the port, where they can be filled for exporting. The agreement, a one-year deal, also allows Grimmel and Rensselaer the opportunity to store ferrous ferrous (fĕr`əs), iron in the +2 valence state. Containing or having to do with iron. The difference between ferrous and ferric is the number of valence electrons they contain (ferrous contains two and ferric contains three), which scrap on the port's property. For much of the previous three decades, John T. Clark and Sons, Portsmouth, N.H., had the contract to ship ferrous scrap from the port. Most recently a company called Bulkloader Inc. shipped from the port, but it stopped doing so in 2000. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Portsmouth (N.H.) Herald, Rensselaer plans to bring in about $700,000 in business annually. The contract is for one year, although it can be renegotiated by the parties involved. "Plans are to start operation at the New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). port as soon as possible," says Tim Garrity, Grimmel general manager. The Grimmel Industries division of Rennselaer will manage the scrap company's activities at the port. Scrap metal will be trucked into Portsmouth and stockpiled at the port until it can be loaded on ships for export. Garrity says the bulk of the business will be export, though some domestic trade is possible if the export market slows. |
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