Veolia grows US footprint with Chameleon Industries acquisition
Veolia has acquired Texas-based Chameleon Industries, a specialty chemicals producer using circular economy technology to repurpose semiconductor byproducts. The move enhances Veolia's environmental solutions for advanced manufacturing. Chameleon's fit aligns with Veolia's Green Up plan, expanding services across 200+ U S sites and 2,300 employees.
Chameleon operates four production facilities in Texas, Oregon and Arizona that recover byproducts of semiconductor manufacturing for beneficial reuse. This circular economic solution helps manufacturers reduce their environmental impact and improve efficiency. This focus aligns with Veolia's Green Up strategic plan. The company is dedicated to safety, product quality, environmental compliance and product stewardship throughout its supply chain.
Bob Cappadona, President and Chief Executive Officer of Veolia North America's Environmental Solutions and Services business said: 'We are thrilled for Chameleon to join Veolia through this acquisition. As part of our Green Up strategy, adding this critical circular economy technology to our wide portfolio of environmental and infrastructure solutions helps expand our capabilities for customers and play an important role in the growth of America's technology sector. The team at Chameleon is a great strategic and cultural fit for our growing business in North America.'
Jared Garza, Chief Executive Officer of Chameleon said: 'By joining Veolia's global network of chemical recovery and environmental service operations, Chameleon will be able to better serve our customers, grow our business for the long term and provide opportunities for our people. Veolia is already an established environmental leader in the microelectronics industry, and will allow us to bring our technology to a broader segment of the industry.'
In the United States, Veolia provides a full range of waste management services, from collection to transportation to recycling and disposal. With this acquisition, the group will now employ more than 2,300 people at over 200 locations across the country, providing safe, customized services for large manufacturers in fields such as technology, healthcare and pharmaceutical and petro and agriculture chemicals. The business is also a hub of innovation to support environmental sustainability, developing pioneering solutions for the recycling and repurposing of a wide range of materials including wind energy blades and industrial solvents. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
ALCHEMPro News Desk (HU)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
31 minutes ago
- Business Standard
City Union Bank up 5% on Q1 results; brokerages retain Buy, here's why
City Union Bank share price today: Shares of Tamil Nadu-based lender City Union Bank surged 5 per cent to hit an intraday high of ₹224.5 after it reported strong numbers for the June 2025 quarter (Q1FY26). At 12 PM, CUB's share price was trading 3.2 per cent lower at ₹219.2 per share on the NSE. In comparison, NSE Nifty50 was down 0.46 per cent at 24,656 levels. The market capitalisation of the bank stood at ₹16,271 crore. The stock has recovered 50 per cent from the 52-week low of ₹142.91 touched on March 27, 2025. City Union Bank Q1 results City Union Bank reported a 16 per cent year-on-year (Y-o-Y) increase in net profit to ₹306 crore during the June 2025 quarter (Q1FY26) compared to ₹264 crore in the year-ago period. The private sector lender's total income increased to ₹1,849 crore in the reported quarter from ₹1,580 crore in the same quarter of FY25. The Tamil Nadu-based bank's net interest income (NII) grew 15 per cent to ₹625.3 crore from ₹545.2 crore in Q1FY25. The bank's asset quality showed an improvement as gross non-performing assets (NPAs) declined to 2.99 per cent at the end of the June quarter from 3.88 per cent a year ago. Similarly, net NPAs declined to 1.2 per cent, as against 1.87 per cent in the year-ago period. City Union Bank Q1 results analysis - JM Financial According to analysts at JM Financial, with a strong capital position (CAR at 23.1 per cent), a robust technology platform enabling scalable co-lending partnerships, and the ability to preserve margins, the bank is well-positioned to sustain its growth trajectory. The bank's minimal exposure to unsecured segments further underpins its resilient asset quality. The bank's net profit increased 6 per cent quarter-on-quarter (Q-o-Q), supported by 4 per cent Q-o-Q growth in NII and stable operating expenses. However, net interest margins (NIMs) moderated by 6 basis points sequentially, 3.5 per cent, though management expects them to remain steady, aided by deposit re-pricing in Q2FY26. "At 1.3x FY27E BVPS, the stock offers a compelling risk-reward profile. Sustained growth momentum, improving operating leverage, and prudent risk management should support further re-rating," the brokerage said in a note. JM Financial raised its FY26 earnings estimates by 5 per cent to factor in better-than-expected operating performance and build in average ROA/ROE of 1.5/13 per cent over FY26E–FY27E. The brokerage maintained a 'Buy' rating with a revised target price of ₹250, valuing the bank at 1.6x FY27E BVPS. Emkay Global Emkay Global raised earning estimates for FY26-28E by 2-4 per cent, factoring in the better growth and asset quality outcome. Anlysts believe that CUB's healthy growth, coupled with strong RoA delivery (1.5-1.6 per cent over FY26-28E), capital buffers, and improving retail orientation, would help sustain premium valuations. The brokerage retained 'Buy' rating on the stock with revised target of ₹250 (up 19 per cent), now valuing the stock now at 1.5x Jun-27E ABV from 1.4x Mar-27E ABV earlier. However, it flagged macro deterioration hurting asset quality, higher ECL hit, KMP attrition in its retail banking team as key risks for the businesses. About City Union Bank City Union Bank is a scheduled commercial bank in the private sector. It has a major presence in the urban, semi-urban and rural centres in South India. It offers a wide range of banking and financial services, including commercial banking and treasury operations. CUB's product portfolio includes savings accounts, current accounts, fixed deposits, cash certificates, VIP deposits, Flexifix deposits, CUB Smart deposits and tax saver gold deposit account. The main focus of the bank is lending to MSMEs, retail and wholesale trade, with a granular asset profile, including providing short-term and long-term loans to the agricultural sector.
The Hindu
31 minutes ago
- The Hindu
Falcon scam: ED attaches ₹18.14 crore worth properties
The Directorate of Enforcement (ED) has provisionally attached twelve immovable properties worth ₹18.14 crore in connection with the ₹792 crore fraud allegedly orchestrated by Hyderabad-based Capital Protection Force Pvt. Ltd. and its director Amardeep Kumar. The attachment, made under the Prevention of Money Laundering Act, 2002, is part of an ongoing investigation into a bogus invoice discounting racket that duped hundreds of investors under the guise of high returns. The properties, attached on Wednesday (July 30, 2025), are held in the name of Amardeep Kumar, his family members, and two firms, Rhett Healthcare Pvt. Ltd. and Rhett Herbal Pvt. Ltd. According to the agency, the scam revolved around a scheme dubbed 'Falcon invoice discounting app', which promised attractive returns by purportedly financing business invoices. However, ED's probe has revealed there was no legitimate invoice discounting business at all. Instead, Amardeep Kumar allegedly developed and aggressively promoted the Falcon app through Google, YouTube and other social media platforms to solicit public investments. The entire scheme was a front, with investor money rerouted into a range of personal luxuries and corporate ventures, including equity investments, unsecured loans, casino spendings, and the purchase of a private jet. The ED pegged the total cheating amount around ₹792 crore, calling Amardeep Kumar the 'mastermind' behind the operation. The app served as the key tool for gathering deposits, while false promises of high returns masked the absence of any real business activity. Earlier in March, the ED had seized a 'Hawker 800A' aircraft allegedly bought by Amardeep Kumar using the proceeds of crime. That seizure came during a series of searches carried out on March 7, 2025. The money laundering investigation stems from three FIRs registered by the Economic Offences Wing, Cyberabad Police. These cases accused Kumar and his company of defrauding investors with promises of lucrative returns that never materialised. The ED said further investigation is ongoing.
Business Standard
31 minutes ago
- Business Standard
Neo Elect offers sustainable lighting products, leading the outdoor lighting in smart solar products
VMPL New Delhi [India], August 1: The need to preserve the environment and lead a sustainable lifestyle is gaining more and more importance within modern society, and solar-powered outdoor lighting has become one of the most popular areas of innovation. Delhi-based Neo Elect, an innovator in terms of environmentally responsible lighting, is changing the outdoor lighting landscape of the future, as it offers a complete line of solar-powered lamps, which have been specially designed to address the issues of beauty, safety, and comfort. Energy Efficient Street and Outdoor Lighting The solar streetlights of Neo Elect are providing new standards of sustainable city lights. These solutions are promising to have an outstanding performance in delivering the brightest light but will cause a considerable reduction in carbon footprints with powerful and efficient products such as the Neo Elect Solar Street Light 200 Watt with Remote & Pole, equipped with 576 high-quality LEDs. Likewise, their 140-Watt model that has 384 LEDs provides reliable lighting and impressive energy savings, hence suitable to use at streets and highways, campuses, and parking spaces. These Street Lights are already a great hit among the factories, colleges, malls, petrol pumps, and other commercial space owners. Neo Elect is one of the pioneers in the industry, offering multi-year warranty on all Street Lights, with long-term support and great after-sales services. These street lights have a remote control functionality feature, which makes the control of the lighting modes, as well as energy consumption more convenient, depending on the needs. They do not only save on electricity bills but also reduce dependence on grid power, thus resulting in a cleaner, greener environment. As per the calculations, it shows that Neo Elect street lights have a payback period of just 1 year. They have a really long life, and hence provide great ROI for their customers. Solar garden lights add an aesthetic appeal to the outdoor space The beauty of well-placed lighting has not been lost to the garden hobbyists and landscape architects. Neo Elect fulfills this adventure with their novel idea solar garden lightings especially their spellbinding Neo Elect Firefly Solar Garden Lights. These lights resemble the natural enchanting flash of fireflies, with the flickering quality that brings a romantic, classy feel to gardens, paths, and lawns. Also the Neo Elect Solar Fence Lights of the brand feature the angle of multi-purposed beauty. These lights which are uniquely shaped to fit boundary walls, fences and stairs can give them a soft glow that will help during night time to offer a better visibility and security around the properties. High-End Solar Floodlights to Increase Security Safety and exposure are two key issues which homeowners as well as businesses are concerned about. Here Neo Elect is right in satisfying these needs with their NeoElect Solar Flood Light with Remote (100W). With 120 high-intensity LEDs, this is a floodlight with a large coverage area that offers illumination of both small-scale and large scale outdoor places such as backyards, commercial environments, and construction sites. The use of remote-controlled operations makes it convenient as users are able to regulate the level of brightness and timing of its operation without difficulties. Intelligent solar motion-sense lighting The range of Neo Elect includes smart lights on motion sensors, which have been created in order to sense movement specifically and provide a bright light as soon as it is required. Their NeoElect Solar Motion Sensor Light with 100 LEDs and NeoElect Solar Double Bulb Lamp Motion Sensor Light offer effective and sensitive security lighting solutions to entrances, balconies, garages, and walkways. Among the most remarkable products, NeoElect Solar Single Bulb Motion Sensor LED Lamp with warm and intimate light adds to the architectural design and increases security levels and comfort. These bulbs add a great sense of aesthetics, visual upliftment, and sense of security wherever installed. These lamps and lights are a great hit amongst all kinds of customers. Integrated and end-user easy Solutions With diverse innovative technologies such as adjustable heads as well as the ability to control them remotely, as is the case in their NeoElect 122 LED Solar Motion Sensor Light, NeoElect is also keen on making the product very convenient to their users. The strength in focusing the lights to the desired location as well as the adaptability of the remote controls, set Neo Elect apart as a user-oriented company. Why Neo Elect? The Delhi-based Neo Elect's commitment to excellent quality, advanced technology and sustainable innovation renders them a trusted provider among people at homes, the business fraternity, government authorities and city developers. The products not only ensure that one saves a lot of energy but also develop environmentally conscious lifestyles. As the world continues to embrace renewable energy, Neo Elect is still at the forefront of enabling users to harness solar energy resourcefully. Neo Elect is one of the only companies in the sector offering a warranty (ranging from 6 months to 3 years) on all of its product range. They provide great customer service to all their customers. People can buy Neo Elect products from their official website. They offer Free Delivery across India with flexible payment options such as Cash on Delivery and Prepaid options. They also offer free return and replacement within 7 days of delivery. Learn more about the ways Neo Elect makes the world brighter, greener and more sustainable with the offering of a wide variety of solar-powered lighting solutions, and help build this brighter, greener, more sustainable next generation.
