Auction set for plastics recycling equipment

By Michael Lauzon
Correspondent

Published: March 21, 2014 11:34 am ET
Updated: March 21, 2014 11:37 am ET

Related to this story

Topics Recycling

The second auction in a month of recycling equipment in Canada is slated for April 3.

Greenline Resins Inc.’s assets in Woodstock, Ontario, will be auctioned by Hilco Industries of Toronto. A source familiar with the sale said it does not relate to bankruptcy or receivership but could provide no other details. Officials at Greenline did not respond to an interview request.

A March 6 auction sold off, recycling assets of sheet extruder DMX Plastics Ltd. of Brampton, Ontario.

Greenline says it has more than 50 years of recycling experience. Assets are located in a 116,000-square-foot building with a rail siding. About a hundred lots are listed for the sale, which will also be conducted online by BidSpotter.com.

Equipment for sale includes NRM pelletizer/extruder and pelletizing line, Kason vibratory separator, Kongskilde pump and vacuum systems, Murphy dust collector, chillers, granulators, blenders, air compressors, Battenfeld injection molding machines, storage silo and resin trailer.

A recent study commissioned by the Canadian Plastics Industry Association indicated post-consumer plastics recycling rates grew 10 percent in 2012, although there was plenty of underutilized capacity in some recycling categories.


Comments

Auction set for plastics recycling equipment

By Michael Lauzon
Correspondent

Published: March 21, 2014 11:34 am ET
Updated: March 21, 2014 11:37 am ET

Post Your Comments


Back to story


More stories

Image

SPI hopes to build on EPS recycling

November 26, 2014 6:00 am ET

Successfully recycling expanded polystyrene can be a challenge, there's no doubt about that. EPS, however, has value, is in demand and deserves to be ...    More

Image

Pan-European plastics recycling show scheduled for 2015

November 26, 2014 6:00 am ET

Europe is to get its first pan-European exhibition and conference aimed at the region's plastics recycling industry next year.    More

Image

Indian plastics group targets waste

November 24, 2014 12:46 pm ET

An Indian plastics environmental group and the country's largest brand for packaged water, Bisleri International Pvt. Ltd., have launched a trial...    More

Image

NS Farrington 'on track' to recycle 1 ton of PE per month

November 20, 2014 10:23 am ET

A polyethylene recycling program created by N.S. Farrington & Co. has passed the 60,000 pound mark.    More

Market Reports

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

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

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