HP meets 1B pound recycling goal (13-Jul-07)

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Silicon Valley / San Jose Business Journal - 8:26 AM PDT Friday, July 13, 2007

Having met its goal six months early to recycle 1 billion pounds of electronics, Hewlett-Packard Co. said Friday it set a new target for another billion pounds by the end of 2010.

Palo Alto-based HP (NYSE:HPQ) set its initial goal in 2004 after it had reached the half billion pound mark, then went on to recycle a further half billion pounds in the next three years.

"Environmental responsibility is good business," said Mark Hurd, HP chairman and chief executive officer. "We've reached the tipping point where the price and performance of IT are no longer compromised by being green, but are now enhanced by it."

In 2006, HP said it recovered 187 million pounds of electronics globally.

HP said plastics and metals recovered from recycled products have been used to make a range of new products, including auto body parts, clothes hangers, plastic toys, fence posts, serving trays and roof tiles.

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