03 June 1998
Mad cows mean mad profits for Rechem parent
By FWi staff
BURNING the corpses of BSE-suspected cattle has paid handsomely for Shanks and McEwans – Britains largest waste disposal company.
Operating profit from Rechem, the division responsible for incinerating cattle, has nearly doubled to £1.8 million, with many of its plants running at full capacity.
The companys overall profits in the year to March grew by an underlying 13% to £25.4m.
Shanks has made its first expansion overseas by moving into the Belgian waste market. It is the second largest waste disposal company in that country.
Michael Averill, chief executive, said the Belgian business had sludge-drying technology that could be transferred here to help implement new European regulations.