Mobile recycling firm gets positive ranking
Monday, December 19, 2011 - 09:37:07
An American company which specialises in the recycling of old mobile phones, which it buys back from users who have upgraded, has been given the honour of being counted amongst the top 100 most promising businesses.
E-Cycle ranks at number 68 on the list, which is compiled by Forbes and it is being seen as an indication that the eco-friendly disposal of electronic waste is finally being given the recognition it deserves.
Forbes spokesperson, Brett Nelson, said that sometimes it was difficult to analyse whether or not a growing company would continue its expansion, because market fluctuations can affect them to a greater extent than more established organisations.
In America, e-Cycle is one of the country's most important and prolific mobile recycling companies. It pays out cash to people who want to sell their old mobile phone and it grew by 558 per cent in the three years up to 2010, creating 75 jobs in the green industry.
Of course there are similar success stories in the UK, where mobile phone recycling is expanding perhaps faster than in the US.
Earlier in the year, Mazuma Mobile announced that it had handed out over £100 million to people who were recycling their old mobile phones via its service. By comparison, e-Cycle has bought just over £8 million worth of used handsets.
One of the benefits of selling your mobile to a recycling company in the UK is that there is a strong market and plenty of competition. This helps your handset to retain its value and encourages companies to offer perks and privileges to potential customers, so that you can always get a good deal.
Some people are beginning to base their choice of handset on the value they will be able to recoup when they recycle it at the end of their contract.
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