Annual Report - Sens

Recycling companies
Networks:
achieving more together
Developed under the leadership of SENS, the financial remuneration model for recycling
companies is proving to be reliable even in these economically challenging times.
Annual SENS recycling meetings give the recycling companies the opportunity to learn
about and discuss this and other key issues.
Remuneration and fluctuations in materials prices
For about three years now the remuneration for recycling services
has been based on the stock exchange values for iron,
copper and aluminium, with iron having the greatest influence.
Accordingly, high values result in low SENS remunerations and
vice versa. The fluctuations in materials prices in 2011 had an
immediate impact on the flexible SENS remuneration system
for recycling.
After commodities prices reached an all-time high at the end
of 2008, the commodities bubble burst and prices collapsed.
Their subsequent recovery forced commodities prices up at
first until early in 2011, although the prices fell slightly again
during the year. Consequently, the SENS recycling companies
received less by way of remuneration per unit (item or kilo) early
in 2011 than by the end of the year. This trend was further
reinforced by the marked revaluation of the Swiss franc in relation
to the euro and the dollar. 2011 was therefore a year that
affirmed the success of the remuneration model developed by
Iron
Stock exchange values taken as a basis
Shredded steel scrap BDSV (Association of German Steel Recycling
and Disposal Companies) (E4) in euros per tonne
450
400
350
300
250
200
150
100
50
0
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22 SENS Annual Report 2011
SENS and the SENS recycling companies since it proved that
the model still worked under unfavourable market conditions.
To ensure the model continues to function and prove reliable,
the necessary parameters, for example the annual volume of
appliances to be processed, are updated annually.
Recycling company meetings
The annual recycling company meetings that SENS first instituted
around 20 years ago provide an important platform for
SENS and the SENS recycling companies to exchange information,
experiences and ideas, and promote effective, efficient
teamwork among the partners.
The 2011 meeting was held at V-Zug AG, based in Zug,
Switzerland, a well-known producer of household appliances
for kitchens and laundries. V-Zug AG has been collaborating
successfully with the SENS recycling companies for many
years. Hans Mazzoleni, manager of the service and marketing
department for the Swiss market at V-Zug AG, is also actively
Copper
Stock exchange values taken as a basis
Copper in US dollars per tonne
1,000
900
800
700
600
500
400
300
200
100
0