Industrial Magnetics Inc. offers UBC recycling revenue calculator

Industrial Magnetics Inc. (IMI), Boyne City, Michigan that designs, engineers and manufactures industrial magnets has published a new tool on its website which is designed to help plant managers calculate potential revenue loss from their existing used beverage can (UBC) recovery lines.

The user has to upload information like cost of aluminium per pound, cans missed per minute, hours worked per day, days worked per week and weeks worked per year and the tool calculates the total income gains.

“Reclaiming aluminium cans typically involves the use of an eddy current magnetic separator, which repels the can as it passes through the magnetic field. In this way, the aluminium is ‘thrown’ and separated from the rest of the waste stream for recycling,” the press release from IMI says.

The company continues, “As eddy current separators can vary in their magnetic field strength, overall design, and years in use, the tool aims to help users identify what the inefficiencies of their current equipment may be costing them.

The press release says that by taking into account factors such as number of cans missed in 60 seconds, the current aluminium price of aluminium and the number of hours the line runs with the help of the tool, managers can measure their current productivity and evaluate the payoff on the investment in new equipment.”