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Press Release

11/09/2009

LG ELECTRONICS ANNOUNCES RECYCLING PROGRAM FOR HOTEL TVs, COMPUTER MONITORS

Waste Management, LG Provide Hotel Operators

New Sustainability Option, Convenient Disposal of Outdated Equipment

 

 

NEW YORK, Nov. 9, 2009 – The leading provider of flat-panel HDTVs to the lodging industry, LG Electronics USA, Inc., and the nation’s leading  recycler, Waste Management, Inc. (NYSE: WMI), today announced a recycling program for hotel operators to responsibly dispose of outdated television sets and computer monitors.

In 2010 alone, hundreds of hotels are expected to upgrade thousands of rooms with energy-efficient LG flat-panel digital TVs, which will displace older analog picture- tube TVs. To support this growing trend, LG Electronics will now offer environmentally conscious hotel, motel and resort operators a convenient, cost-effective opportunity for recycling the obsolete hotel TVs.

Under this new program planned for launch in 2010, LG Electronics would facilitate the recycling process through Waste Management’s subsidiary WM Recycle America LLC.  In addition to offering the TV and monitor recycling program, LG plans to assist hoteliers in working with WM to recycle the packaging from the new LG flat-panel HDTVs and computer monitors being installed in their properties.

 “We encourage hotel operators to dispose of outdated electronics in an environmentally responsible manner,” said Teddy Hwang, president, LG Electronics USA, which established its successful nationwide electronics recycling program for consumers with Waste Management over a year ago. This initiative “further supports LG’s global sustainability initiative that also encompasses energy conservation, reduction of hazardous substances and responsible product designs,” he noted.

The program will leverage Waste Management’s seven major regional recycling centers throughout the United States.  The hotel TVs and computer monitors collected under this program will be processed in an environmentally responsible manner at Waste Management facilities that are ISO 14001 and 9001 certified; that protects the local environment in those communities along with the people handling this waste.  Waste Management is also committed to the United States Environmental Protection Agency’s R2 Standards for the management of electronic waste.                       

“As the lodging industry seeks to increase its environmentally conscious  initiatives, the LG program gives hotel operators the opportunity to conveniently recycle electronic waste responsibly and economically,” said Patrick DeRueda, president of WM Recycle America.  “This program also demonstrates our shared commitment to providing outstanding customer service and leadership in environmental stewardship as well as helping us towards one of our sustainability goals of nearly tripling the amount of recyclables we process by 2020.”

             DeRueda said LG’s hotel TV recycling solution, the latest in a series of manufacturer and retailer agreements with WM Recycle America, can have sweeping benefits. “By recycling used, unwanted, obsolete or damaged electronic equipment, useful materials such as glass, metals and plastics may be recovered for reuse in other products,” he said. “Reuse minimizes the amount of waste disposed, while also reducing the amount of raw materials extracted as well as energy required to make new materials.  Additionally, material reuse reduces the production of greenhouse gases.”

 

“This means hotel operators, together with LG and Waste Management, can do their part to improve recycling and reduce the environmental impact of waste products,” added LG’s Hwang. “The explosive growth of electronics products over the years, coupled with the rapid replacement of millions of analog TVs as consumers and hotels upgrade to flat-panel HDTVs underscores the need for companies like LG to help provide responsible end-of-life solutions.”

 

                                                                   

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $45 billion global force and technology leader in home appliances, consumer electronics and mobile communications. The LG Electronics Business Solutions division of LG Electronics USA, serves customers in the lodging and hospitality, digital signage, systems integration, healthcare, education, government and industrial markets.  Based in Lincolnshire, Ill., with its dedicated engineering and customer support team, LG Electronics USA Business Solutions delivers B2B technology solutions tailored to the particular needs of business environments.  With 2008 global sales of $4.3 billion, LG Electronics Business Solutions is poised for continuing rapid growth. For more information, please visit www.LGcommercial.com.

 

About Waste Management
Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Our subsidiaries provide collection, transfer, recycling and resource recovery, and disposal services. We are also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. Our customers include residential, commercial, industrial, and municipal customers throughout North America.  The WM Recycle America subsidiary of Waste Management is the largest recycler in North America. WM Recycle America’s business lines include processing many types of consumer-generated recyclables and finding the best markets for the recyclable commodities produced. In its capacity of providing processing and marketing services, WM Recycle America offers a wide variety of recycling options for municipal, manufacturing, commercial and residential customers. To learn more visit www.wm.com or www.thinkgreen.com.

 

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CONTACTS:     

 

LG ELECTRONICS USA

John I. Taylor (847) 941-8181, john.taylor@lge.com

Nathan Friedman (312) 397-6009, nathan.friedman@lg-one.com

 

WASTE MANAGEMENT

Wes Muir (713) 328-7053, wmuir@wm.com

 

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