Ohio recycler Geo-Tech Polymers opening second plant

By Frank Antosiewicz
Correspondent

Published: December 6, 2012 6:00 am ET
Updated: January 3, 2013 6:58 am ET

Related to this story

Topics Sustainability Recycling
Companies & Associations

WESTERVILLE, OHIO (Dec. 6, 1 p.m. ET) — Geo-Tech Polymers LLC is opening its second recycling facility and will boost its capacity 150 percent, according to President Doug Collins.

Geo-Tech has a proprietary process that enables it to recycle coated plastics that are used in consumer and automotive applications. It is able to remove coatings such as paints and metals from plastic substrate materials without using chemicals or solvents that degrade or diminish material properties.

The company has leased a 123,000 square foot facility in Waverly, Ohio, and is busy installing its second line and hopes to have it ready in the first quarter of 2013.

Collins said that the company wanted to stay in Pike County and it found a building that formerly housed a modular home manufacturer. It is only an hour south of their current facility in Westerville, Ohio.

Collins expects to add 50 jobs in the next three years. Geo-Tech plans to run one line in Westerville and two in Waverly.

Collins said the company’s process is especially effective for recycling automotive parts, especially those that are made from thermoplastic polyolefins.

He said Geo-Tech is also benefitting from its June acquisition by waste management and recycling services company Wastren Advantage Inc. The deal allowed Wastren to diversify its portfolio outside of government contracts and gave Geo-Tech capital necessary to expand its business.

For the Waverly expansion, Geo-Tech will receive a $460,000 loan obtained from the Pike Commissioners through the Community Block Grant Program Economic Development Program. It also received a $50,000 grant from the Fluor-B&W Opportunity Fund, a $10,000 grant from the Southern Ohio Agricultural and Community Development Foundation, a $1.2 million loan through the Jobs Ohio Program and a $50,902 Job Creation Tax Credit. The balance of the project is being financed locally by Ohio Valley Bank.


Comments

Ohio recycler Geo-Tech Polymers opening second plant

By Frank Antosiewicz
Correspondent

Published: December 6, 2012 6:00 am ET
Updated: January 3, 2013 6:58 am ET

Post Your Comments


Back to story


More stories

Image

Plastics recycling is in full swing behind the scenes at NPE 2015

March 26, 2015 11:00 am ET

Paul Benvenuti walks the NPE 2015 show floor in Orlando with purpose. Keep up or be left behind, because this man has a job to do this week, and he's ...    More

Image

NPE nudges attendees to recycle

March 24, 2015 1:47 pm ET

A public awareness campaign developed by Keep America Beautiful is receiving prominent display at NPE 2015 as part of the show's overall effort to...    More

Image

SPI launching recycling summit

March 23, 2015 5:10 pm ET

The Society of the Plastics Industry Inc. announced Monday at NPE 2015 that the plastics trade association will return to Orlando in 2016 for a brand ...    More

Image

Designing a new image for plastics and recycling

March 23, 2015 2:36 pm ET

New York has its fashion week, and so does Paris and Milan. But they're no competition for Orlando this week as student designers who helped kick off ...    More

Image

DuPont exec: Still lots of lightweighting needed in the auto industry

March 23, 2015 6:00 am ET

In that role, Jeffrey Sternberg is responsible for bringing the breadth of DuPont advanced materials — as well as renewably sourced materials an...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events