By Patrick Avenell
E-Cycle Solutions, a division of the QLS Group, has announced that it has achieved its recycling target for the 2013 financial year. E-Cycle is the second of the three co-regulators to confirm its success, following DHL Supply Chain.
“We are seeing regular monthly increases of collections in line with our store rollout of the scheme," said E-Cycle GM Tony Wheeler. "At this stage we believe we will meet our target in or around mid-June which is a perfect scenario for our first year.”
“We have now initiated collection sites at 380 stores with a target of a further 250 stores in the 2014 financial year.
“We believe we will have collections arrangements at over 80 per cent of the available retail collection sites giving us overwhelming market share for retail collection services. The QLS network is very strong especially into country locations and we are rolling our collections to every major town which has an electrical appliance store."
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A co-regulator's target is based on the weight of TVs and PCs imported into Australia by its clients. E-Cycle's clients include Hisense, TCL and Changhong. Up until recently, E-Cycle was only authorised to collect and recycle TVs; it received approval for PC recycling in March 2013.
The third co-regulator, the Australian and New Zealand Recycling Platform (ANZRP), has not yet made an announcement on its FY 2013 performance.