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    Electronic Recyclers of America Launches Joint Venture With Azcarraga Family to Recycle Mexican Electronic Waste

    By Keith R | November 11, 2006

    Topics: Economics & the Environment, Electronic/Electrical Equipment, Environmental Protection, Waste & Recycling | No Comments »

          
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    From the California Commission for Jobs and Economic Growth:

    Electronic Recyclers of America Launches Joint Venture With Azcarraga Family to Recycle Mexican Electronic Waste

    California’s largest recycler of electronic waste and the family that founded Mexican television network, Televisa, today announced they have formed Electronic Recyclers International (ERI), a Mexican joint venture to recycle millions of pounds of Mexican e-waste.

    Fresno, California-based Electronic Recyclers of American and an investment fund owned by the Azcarraga family signed their joint venture agreement at the California Environmental Expo in Monterrey, organized by the California Commission for Jobs and Economic Growth as part of Governor Schwarzenegger’s two-day Mexico trade mission.

    The Azcarraga family will invest an estimated $15 million USD in ERI, which plans to construct an e-waste processing plant in Mexico and begin operations sometime in 2007. ERI also plans regional transfer stations around Mexico to collect, sort and ship e-waste to its central processing plant. Each of these facilities will employ up to several hundred Mexicans.

    As rapid technological advances render computers, cellphones and other consumer electronics obsolete, hundreds of millions of pounds of e-waste are accumulating in landfills every year. Many of these products contain harmful materials, such as mercury and lead, which can leach into groundwater as components decompose. Most contains metals, plastics and glass that are easily ground up, smelted and re-used if they are processed using proper techniques.

    Electronic Recyclers of America is on track to recycle about 50 million of the 100 million pounds of Californian e-waste recycled this year. Electronic Recyclers International expects to recycle up to 120 million pounds of Mexican e-waste after it has ramped to full capacity.

    “When Governor Schwarzenegger worked to implement the law promoting e-waste recycling, he helped launch a new industry and guaranteed California’s lead in the e-waste recycling business,” said John Shegerian, CEO of Electronic Recyclers.

    “Governor Schwarzenegger’s trade mission to Mexico is focusing Mexico’s federal, state and local leadership on the need to keep e-waste out of landfills,” Shegerian said.

    During the trade mission, Shegerian and other Electronic Recyclers representatives met with representatives from several Mexican states interested in hosting the ERI processing plant and transfer stations.

    “Electronic Recyclers of America is another great example of California enviro-tech companies proving that protecting our environment is good business,” said Mark Mosher, executive director the California Commission for Jobs and Economic Growth, which organized the two-day California Environmental Expo.

    The Jobs Commission (www.4cajobs.com) is a 501c4 nonprofit dedicated to promoting California as a place to invest, do business, visit and buy world-class products and services. Its board includes the Governor, his top economic advisor and leaders from California business, academia, labor and nonprofits.

    Hmm, what do you the reader think? The start of a positive trend, or are there downsides to this arrangement not mentioned by Governator’s PR guys?

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