Sunday, 11 November 2012

The City Bin Co. join international environmental services group, averda, after €15M investment

Award-winning waste collection firm, The City Bin Co., has announced the creation of 35 new jobs following a major investment from averda, the largest private environmental solutions provider in the Middle East, Gulf Cooperation Council and North Africa.

The €15 million partnership with The City Bin Co. is averda’s first entry into Europe and will result in the roll out of a major European expansion over the coming years with Ireland as the company’s European headquarters. The large-scale deal will see averda take a majority shareholding in The City Bin Co. as well as other operational investments.

Recruitment for the 35 new positions will commence immediately, with The City Bin Co. seeking to fill a range of positions in Dublin and Galway over the coming months. These will include service delivery staff, specialist IT roles and customer service positions.

Gene Browne, The City Bin Co., Environment Minister Phil Hogan TD, Bilal Zein, averda.
Gene Browne, CEO of The City Bin Co. said, “We are delighted to announce our partnership with averda and the creation of 35 jobs – representing a 50% increase in our workforce. The City Bin Co. has ambitious growth plans for the future and prides itself on its customer centric business model. The averda deal is a welcome signal of international confidence in our model and an excellent opportunity to drive international best practice in the European waste sector. 

Welcoming the announcement, Minister for the Environment, Community and Local Government, Phil Hogan said, “In launching the Government's new waste policy last July, I was ensuring that the industry could make investment decisions with policy certainty. Therefore, in that context, it is very encouraging to see a home grown company attracting international investment to Ireland. The City Bin Co. is fast becoming a market leader for customer service in its sector and the creation of 35 jobs is great news for Dublin and Galway.”

Malek Sukkar, CEO of averda added ‘averda is thrilled to welcome The City Bin Co. into the group. The City Bin Co. has an excellent reputation across the global industry and the team there has consistently demonstrated their abilities. We look forward to rolling their business model out in Ireland and elsewhere’.

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