Valhi, Inc. Announces WCS Start Of Construction Of Disposal Facility
DALLAS, Jan. 3, 2011 /PRNewswire/ -- Valhi, Inc. (NYSE: VHI) announced today that Waste Control Specialists LLC ( "WCS"), a wholly-owned subsidiary of Valhi, has commenced infrastructure construction on a historic project for the near-surface disposal of Class A, B and C low-level radioactive waste ( "LLRW") at its Andrews County, Texas facility.
"This is a historic event because this will be the first LLRW facility that can dispose of Class A, B and C LLRW from the day it opens. For years our state and nation have stockpiled LLRW in major cities, universities, research centers and power plants. Public health and our environment will now be better protected because there will soon be a safe, secure facility to permanently dispose of this LLRW," said William J, Lindquist, Chief Executive Officer of WCS. "Following the anticipated opening of the disposal facility in late 2011, WCS will provide our state and nation with a 'one-stop shop' for their waste needs by having the broadest range of capabilities of any commercial enterprise in the U.S. for the storage, treatment and permanent disposal of hazardous, toxic, LLRW and mixed LLRW and radioactive byproduct material. We believe our Texas Solution will provide WCS with a significant competitive advantage in this multi-billion dollar industry. The citizens of Andrews and Lea Counties, as well as all of the Permian Basin, have overwhelmingly supported WCS and we look forward to building on that support as WCS significantly grows and expands its business."
Steven L. Watson, President and Chief Executive Officer of Valhi, said "WCS is moving into the final phase of its development with the commencement of construction of this historic facility. As a result, generators will now have certainty that their LLRW disposal needs will be met in the future. Valhi expects that with the LLRW disposal facility and its other existing operations, WCS will be well positioned to fill a significant void that currently exists due to the uncertainty of commercial and federal LLRW disposal availability in the U.S."
The WCS facility in Andrews County, Texas is currently licensed for the processing, storage and disposal of a broad range of hazardous and toxic waste, byproduct material and low-level and mixed LLRW.Valhi is engaged in the titanium dioxide products, component products (security products, furniture components and performance marine components) and waste management industries.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV