 | |
| Company type | Private |
|---|---|
| Founded | 1975 |
| Headquarters | One Rockefeller Plaza, , New York, NY USA |
Key people | Chair, CEO: Ira Rennert President: Ari Rennert VP Finance: Roger L. Fay |
| Services | Security |
| Owner | Ira Rennert |
| Subsidiaries |
|
| Website | rencogroup.net |
The Renco Group, Inc. is an American New York City-based holding company controlled by Ira Rennert that invests in other companies across a range of industries. [3]
In August 2004, it was announced that Ronald Perelman's MacAndrews & Forbes Holdings company would form a joint venture with AM General's current owner, Renco Group, to give Perelman 70% ownership of AM General. The deal reportedly cost close to US$1 billion. [4] In 2007, Renco Group lost ownership of its bankrupt subsidiary WCI Steel to its lenders. [5] Through subsidiary Inteva Products, LLC, Renco Group purchased Delphi's Global Interiors and Closures businesses in March 2008. [2] In June of 2021 Renco Group purchased Renfro Brands, Renfro Brands is a designer, manufacturer, and marketer of socks and legwear products. [6]
The Renco Group also owns various mills and mines in the United States and South America, and pollution problems at some of the company's properties have sparked public outcries, environmental lawsuits, and hundreds of millions of dollars in environmental penalties and fines. [7]
One Renco subsidiary, magnesium producer US Magnesium (USM), is accused of polluting the Great Salt Lake in Utah. [8] [9]
Smelting operations by another Renco subsidiary, Doe Run Company, are responsible for elevated levels of lead, arsenic, and cadmium in Herculaneum, Missouri, [10] and elevated levels of lead, copper, zinc, and sulfur dioxide in La Oroya, Peru. [11] In 2007, La Oroya was listed by Blacksmith Institute as one of the "World's Worst Polluted Places". [12]
Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). One prominent example is carbon emission trading for CO2 and other greenhouse gases which is a tool for climate change mitigation. Other schemes include sulfur dioxide and other pollutants.
AM General is an American heavy vehicle and contract automotive manufacturer based in South Bend, Indiana. It is best known for the civilian Hummer and the military Humvee that are assembled in Mishawaka, Indiana. From 1974–1979 the company also manufactured transit buses, making more than 5,400 of them.
Georgia-Pacific LLC is an American pulp and paper company based in Atlanta, Georgia, and is one of the world's largest manufacturers and distributors of tissue, pulp, paper, toilet and paper towel dispensers, packaging, building products and related chemicals, and other forest products -- largely made from its own timber. Since 2005, it has been an independently operated and managed subsidiary of Koch Industries. As of Fall 2019, the company employed more than 35,000 people at more than 180 locations in North America, South America and Europe.
NSTAR was a utility company that provided retail electricity and natural gas to 1.4 million customers in eastern and central Massachusetts, including the Boston urban area. NSTAR became a subsidiary of Northeast Utilities in April 2012. In February 2015, Northeast Utilities and all of its operating companies became one large company known as Eversource Energy.
Ira Leon Rennert is an American billionaire businessman, and the chairman and CEO of Renco Group.
In environmental law, the polluter pays principle is enacted to make the party responsible for producing pollution responsible for paying for the damage done to the natural environment. This principle has also been used to put the costs of pollution prevention on the polluter. It is regarded as a regional custom because of the strong support it has received in most Organisation for Economic Co-operation and Development (OECD) and European Union countries, and has a strong scientific basis in economics. It is a fundamental principle in US environmental law.
Bajos de Haina, mostly known simply as Haina, is a town and municipality in the San Cristóbal Province, of the Dominican Republic. It is close to the capital Santo Domingo, and may be regarded as part of the metropolitan area of Greater Santo Domingo.
La Oroya is a city on the River Mantaro and capital of the Yauli Province, located in the Department of Junin in central Peru. It is situated on the eastern watershed of the Andes at an altitude of 3,745 m, some 176 km east-north-east of the national capital, Lima. La Oroya is the location of a smelting operation that earned the town a place on the Blacksmith Institute's 2007 report on "The World's Worst Polluted Places". It is also the eastern endpoint of the Central Highway of Peru.
Pure Earth is a New York City-based international not-for-profit organization founded in 1999 that works to identify, clean up, and solve pollution problems in low- and middle-income countries, where high concentrations of toxic pollution have devastating health impacts, especially on children. These communities suffer disproportionately from pollution-related diseases. Pure Earth remains the only significant organization of its kind working to solve pollution on a global scale.
The Doe Run Resources Corporation, known by the trade name The Doe Run Company, is a privately held natural resources company and global producer of lead, copper, and zinc concentrates. It owns four mills, six mines and a lead battery recycling plant, all in southeast Missouri, United States, and a subsidiary Fabricated Products Inc. with locations in Arizona and Washington. It also owns two former primary lead smelter sites in the U.S. that are currently being remediated. It is wholly owned by The Renco Group, Inc
Hughes Electronics Corporation was formed in 1985 when Hughes Aircraft was sold by the Howard Hughes Medical Institute to General Motors for $5.2 billion. Surviving parts of Hughes Electronics are today known as DirecTV Group, while the automotive divisions became Aptiv.
Dominion Energy, Inc., commonly referred to as Dominion, is an American energy company headquartered in Richmond, Virginia that supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, Idaho and Wyoming, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. Dominion also has generation facilities in Indiana, Illinois, Connecticut, and Rhode Island.
Air pollution is the introduction of chemicals, particulate matter, or biological materials into the atmosphere, causing harm or discomfort to humans or other living organisms, or damaging ecosystems. Air pollution can cause health problems including, but not limited to, infections, behavioral changes, cancer, organ failure, and premature death. These health effects are not equally distributed across the U.S. population; there are demographic disparities by race, ethnicity, socioeconomic status, and education. Air pollution can derive from natural sources, or anthropogenic sources. Anthropogenic air pollution has affected the United States since the beginning of the Industrial Revolution.
The Interamerican Association for Environmental Defense (AIDA) is a non-profit international environmental law organization founded in 1996 by a collaboration of five environmental organizations in the Americas including Earthjustice.
Plants for the production of lead are generally referred to as lead smelters. Primary lead production begins with sintering. Concentrated lead ore is fed into a sintering machine with iron, silica, limestone fluxes, coke, soda ash, pyrite, zinc, caustics or pollution control particulates. Smelting uses suitable reducing substances that will combine with those oxidizing elements to free the metal. Reduction is the final, high-temperature step in smelting. It is here that the oxide becomes the elemental metal. A reducing environment pulls the final oxygen atoms from the raw metal.
Inteva Products, LLC is a global automotive supplier. Serving original equipment manufacturers (OEMs) in the automotive industry, Inteva is headquartered in Troy, Michigan and has nearly 30 locations on three continents. The Inteva Products brand name was introduced to the marketplace in 2008 and the company traces its history back to the establishment of German carriage supplier Traugott Golde in 1872.
Rowley is an industrial area in Tooele County, Utah, United States. Rowley sits on the western shore of the Great Salt Lake, approximately 15 miles north of I-80, Exit 77, serving Timpie/Rowley Junction.
Renfro may refer to:
Established 1971 | ||
| Brands |
|  |
| Products | ||
| Related companies | ||
| Related topics | ||
