Cleanaway Waste Management

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Cleanaway Waste Management Limited
Public
Traded as ASXCWY
Industry Waste Management and Recycling
Founded 1987
Headquarters Melbourne, Australia
Area served
Australia
Key people

Chairman - Mark Chellew

CEO - Vik Bansal
Products recycling, solid waste management, liquid and hazardous waste management, industrial services, waste equipment manufacturing
Revenue $1.455 billion [1]
$281.3 million EBITDA [2]
Number of employees
4,000
Divisions Solid Waste, Liquids and Industrial Services.
Website www.cleanaway.com.au

Cleanaway Waste Management is a recycling, waste management and industrial services company operating in Australia.

Cleanaway is an ASX top 200 listed company, employing over 4,000 people across Australia. Cleanaway has over 200 sites and depots, more than 45 major processing plants, and provides over 300 products and services. The company services customers ranging from small businesses to large multi-national commercial and industrial organisations across a range of different industries. Cleanaway has one of the largest fleets of waste collection vehicles, with more than 3,000 collection vehicles.[3]

History[edit]

Cleanaway Waste Management commenced in August 1987 trading as Transpacific and operating principally in South-East Queensland in liquid waste management and truck importation and distribution. Since this time, Cleanaway has grown to become Australia's leading integrated waste management, recycling and industrial solutions organisation. Timeline

  • Commenced trading in South East Queensland in 1987.
  • In 1990, the company established liquid waste management centres in Townsville, Mackay, Cairns and Mount Isa.
  • Throughout the 1990s, Transpacific continued to expand into New South Wales and Victoria.
  • In 2000 the company entered into a long term exclusive importation and distribution agreement for Western Star Trucks products in Australia, New Zealand and selected Asian markets.
  • Transpacific became an exclusive agency for the importation and distribution of MAN Truck and Bus for Australia and New Zealand in 2000.
  • The company entered the Western Australian marketplace in 2001 as part of a liquid waste joint venture.
  • Transpacific listed on the Australian Securities Exchange in May 2005.[4]
  • The Waste Management New Zealand business was purchased in 2006.
  • Between 2005 and 2009, Transpacific undertook a number of strategic acquisitions to provide integrated waste management solutions to clients.
  • The Cleanaway Australia business was purchased in 2007.
  • The company commissioned Australia’s first purpose built hydrogenation plant in 2007 to recycle used mineral oil and create fuel oil base stock (Joint Venture).
  • In 2007 the company acquired several manufacturing companies to form the Superior Pak waste equipment manufacturing business.
  • In 2009 Warburg Pincus became a cornerstone investor.
  • Terry Peabody, the company’s founder and Executive Chairman retired in 2010. Gene Tilbrook became the company’s Non-Executive Chairman.
  • Kevin Campbell was appointed as the new Chief Executive Officer in 2011.
  • In 2013 Transpacific sold the commercial vehicle division to Penske Automotive Group[5]
  • Robert Boucher commenced as Chief Executive Officer in November 2013.
  • June 2014, completion of the sale of TPI’s New Zealand business to Beijing Capital Group for a price of NZ$950 million (A$880 million).
  • May 2015, Robert Boucher resigned as CEO.
  • In July 2015, Transpacific appointed Vik Bansal as CEO and Managing Director.
  • Shareholders voted to rename the company "Cleanaway Waste Management" in October 2015 with the official change launching in February 2016
  • February 2016, Mr Mark Hudson announced that he would retire as Chairman prior to the AGM. Mr Mark Chellew was appointed to succeed Mr Hudson.[6]
  • August 2016, Cleanaway reports full year sales revenue increasing by 5.1% to $1,455 million and a 38.5% increase in underlying profit after tax to $63.3 million.[7]

Corporate structure[edit]

Cleanaway operates across Australia to 'make a sustainable future possible' by providing products and services through two core business streams:

  • Solids - Solid waste and recycling
  • Liquids - Liquid and hazardous waste and industrial services

Products and services[edit]

The company's Solid Waste and Recycling services include: general waste and recycling, bins, skips and compactors, all types of commercial waste, medical waste, organic waste, construction and demolition waste, as well as post collection facilities including material recovery facilities, landfills and transfer stations.

The Industrials division includes services such as liquid and hazardous waste management, vacuum handling, high pressure water cleaning, emergency spills response, and hydro excavation.

Financial information[edit]

Cleanaway is listed on the Australian Securities Exchange ASX

References[edit]

External links[edit]