GM Aims to Recycle Waste From Most of its Factories
Date: 08-Sep-08
Country: US
The struggling No.1 US automaker, which has posted total losses of US$51 billion in the past three calendar years, currently makes about US$1 billion in global revenue by recycling steel scraps.
In North America, GM said, it generated US$16 million from sales of recycled cardboard, wood, oil, plastic and other materials.
Currently, the automaker recycles all waste from 43 of its manufacturing facilities, which are dubbed "landfill-free" operations. The number is expected to rise to over 80 by 2010.
The company has over 160 factories worldwide.
GM's effort to recycle waste from its factories is part of a broader move by automakers to become more environmentally responsible.
In April, Ford pledged to cut greenhouse gas emissions by 30 percent over the next 12 years following pressure from activist investors.
(Reporting by Poornima Gupta; Editing by Phil Berlowitz)
