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

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

Compromise overdue for TSCA reform

October 29, 2014 9:04 am ET

The Toxic Substances Control Act, by all accounts, is not a good law. The members of Congress who voted it into existence knew at the time it wasn't...    More

Image

Shale development lagging in China

October 29, 2014 1:28 pm ET

Shale gas and its impact on China was the hot topic at the FlexPO conference, held Oct. 22-24 in Shanghai.    More

Image

Teknor Apex expands production of recycled nylon to Europe

October 29, 2014 10:12 am ET

Materials firm Teknor Apex Co. is making its recycled nylon compounds available in Europe for the first time.    More

Image

Fakuma organizer optimistic about future

October 28, 2014 10:29 am ET

During the Fakuma trade fair, reporter David Vink spoke with fair organizer Paul Schall about where the Fakuma trade fair stands today — and...    More

Image

Majority of China's future polyolefin capacity will come from coal

October 28, 2014 3:45 pm ET

China's polyolefin suppliers are shifting from using oil to coal or natural gas as their feedstock, according to experts at the FlexPO conference, hel...    More

Market Reports

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 million dollar 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

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events