My Company
Cleanaway
Well, some might say that my company is trash, but Cleanaway describes itself as a company that prides itself on recovering waste at every opportunity and making a sustainable future possible. Cleanaways manage to turn peoples waste into resourses, which are then fed back into the value chain. They manage to do this with there growing network of specialist sorting, processing and treatment facilities.
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By doing this, Cleanaway also helps to conserve finite natural resources and also reduce the volumes of resources going to landfills.
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Cleanaways services and solutions are built around the need of businesses, industry and communities. They are built around three major operating systems:
SOLID WASTE SERVICES
SERVICE MORE THAN 90 MUNICIPAL COUNCILS AND 140 000 BUSINESSES
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LIQUIDS AND HEALTH SERVICES
LARGEST HYDROCARBON RECYCLING BUSINESS IN AUSTRALIA
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COLLECTING 140 MILLION LITRES OF MINERAL OIL PLUS COLLECTING AND PROCESSING 680 MILLION LITRES OF HAZARDOUS AND NON-HAZARDOUS LIQUIDS
INDUSTRIAL SERVICES
OFFER WIDE RANGE OF PLANT AND ASSET MANAGEMENT SERVICES- PROVIDES SOLUTIONS TO REDUCE PRODUCTION DOWNTIME, THE RISK OF UNSCHEDULED PLANT STOPPAGES AND THE RELIANCE ON LABOUR.
"In 2019, we began a new journey to bring all those elements together with a focus on People, Markets, and Assets, to deliver strong Financial returns and make a sustainable future possible."
Cleanaway promoting recycling
Initial thoughts:Before we were assigned out companies, I was hoping for either a fashion company, or a travel company, something that I would connect with and look forward to researching and doing the assignment on. When I received my company, I straight up thought it’s not to bad, it’s an Australian company that many people use every day or every week as everyone produces some sort of rubbish. Despite being the leading company in Australia, I found the annual reports easy to process and the financial reports were easy to find as well.
Prior to being known as Cleanaway, the company was known as Brambles. Brambles took its name from Walter Bramble who had arrived in Sydney Australia in 1858. Walter Bramble began at age 18 with a butchering business, by 1877 this business was gradually expanding it’s transport logistics operations. Slowly, the business begins forming and WE Bramble & Sons limited forms and expands to not only transport and logistics services, but automotive engineering and real estate investment. In 1958, Brambles bought CHEP from the Australian Government and changed its name to Brambles Industries Limited. It wasn’t until 1970 that Brambles entered the waste disposal sector. In 1979, Brambles renamed it’s waste disposal business to Cleanaway.
In 2006, Bramble Industries Ltd sold Cleanaway to a private equity firm Kohlberg Kravis Roberts & Co for $1.83 Billion. At the time, this deal was Australia’s largest ever management buyout.
Only a year later, in 2007 Waste management outfit Transpacific Industries Group ltd bought Cleanaway from the private equity firm of Kohlberg Kravis Roberts & Co for $1.25 Billion. This expansion means that the Cleanaway operation brings 65,000 customers, seven recycling facilities and transfer stations, three recycling stations and three landfills to the Transpacific portfolio.
This group operates for years as Transpacific Industries Group ltd, until it is decided in 2015 that the group would change it’s name to Cleanaway Waste Management Ltd. According to the CEO, Vik Bansal, the change of name “will support removal of duplication of the group’s organisation and operating structure and will assist in reducing and realigning out cost base.”
On 18th May 2017, The CEO of Cleanaway, Vik Bansal, unveiled footprint 2025 which is Cleanaway’s plan to upgrade and improve their current infrastructure and systems to deal sustainably with Australia’s growing waste demands, with a primary focus on resource recovery. This plan can be found in all of the most current annual reports as it has been reviewed each inline with the actions taken.
