Geodis benefits from €bn recycling legislation
Geodis has signed a major new agreement with France Telecom in what may be the first of many of its type. The deal will see Geodis’ Environmental Affairs and Reverse Logistics division manage the recycling of out-of-use or end-of-life professional electrical and electronic equipment. The operation will also include other parts of the Geodis group such as Geodis Valenda, Geodis Euromatic and Geodis Solutions.
The company will be responsible for organising the disconnection, dismantling, transport, repackaging and recycling of products, as well as the resale of some equipment via hardware brokers. The type of goods covered by the agreement will include servers, telephone exchanges, personal computers, and over a million telephones and fax, telex and Minitel machines.
The agreement has been precipitated by the onset of European waste management regulations which will come into force in August 2005. Geodis estimates that the total market will be worth in the region of €1.5 billion in France and €10 billion in total throughout Europe. Other logistics companies such as Tibbett & Britten and Wincanton have already launched initiatives which will take advantage of the market created by the new regulations.
