VW&R standardizes container deposits
By Staff -- Purchasing, 3/12/1998
Van Waters & Rogers Inc., the largest chemical distributor in North America, plans to adopt a standardized policy for charging deposits on all "asset containers." The new policy, which went into effect February 1, means that VW&R customers will be charged uniform container deposits throughout the U.S.VW&R defines "asset containers" as steel or plastic drums and other containers that hold volumes of at least 55 gallons and are recyclable or reusable. VW&R views the new policy as part of its product-stewardship requirement under the Responsible Distribution Process of the National Association of Chemical Distributors (nacd), to which VW&R and most all other chemical distributors belong. Meeting Responsible Distribution criteria is a requirement of membership in nacd.
"Refundable deposits create a business process for ensuring that we know the whereabouts of asset containers used to transport and store potentially hazardous materials," says Paul H. Hough, VW&R president and CEO. "Both we and our customers can have greater assurance that containers will be returned to us for environmentally safe cleaning and recycling."
Deposits for the company's most frequently used containers are: $25 for 55-gal steel drums; $40 for 55-gal plastic drums; $1,000 for plastic intermediate bulk containers (IBCs); $2,000 for stainless steel totes.
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