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“We are a regional recycler with a nationalistic footprint, said the president and CEO of the Zanesville company that he founded by brokering materials in the basement of his stingingly four years ago.
“We need locations strategically placed to take beyond of where the feedstream is and where the customers are. We are the only regional recycler in the country that does both upright-consumer and post-industrial resins.”
Coll did not divulge the cost of investing in another plant. But the Waco plant—which opened in November—represents an investment of $6 million so far, and the obtaining of Nicos a year ago cost $10.5 million. The company has also invested $12 million to $13 million in appurtenances for its Allentown, Pa., plant and another $3 million in equipment for its Zanesville shrub, Coll said.
“The financial challenge is always having enough super resources to buy equipment,” Coll said in an interview at the institution headquarters and plant in Zanesville. “We have worked hard to tarry cash-positive to be credit worthy. We believe you need to take out your business and your job like you would your own finances, and manage them prudently.
Source: Plastics News