Axion adding production in Ohio for structural parts from recycled plastic

By Catherine Kavanaugh
Staff Reporter

Published: August 11, 2014 2:47 pm ET
Updated: August 11, 2014 2:57 pm ET

Image By: Axion International Holdings Inc. This bridge in York, Maine, uses Axion International Holdings Inc.'s recycled plastic in Ecotrax and Struxure structural parts.

Related to this story

Topics Construction Sustainability Recycling Extrusion
Companies & Associations

Axion International Holdings Inc. is converting extrusion equipment at its recently acquired Zanesville, Ohio, facility — formerly Y City Recycling — to produce recycled plastic industrial building components such as rail ties and industrial mats.

The Zanesville-based company bought the assets of Y City, which was supplying it recycled plastic, in November as part of a plan to better control raw material quality and diversify its product mix by selling the excess to third parties.

Axion officials said they needed to immediately convert extrusion equipment used for reprocessing plastic waste to produce its Ecotrax rail ties and Struxure construction mats.

On Aug. 11, the company said it had received three purchase orders totaling $471,000 for composite rail ties from major Australian rail networks. The orders followed successful in-track testing, according to Cory Burdick, global manager of the Ecotrax rail division.

“We have taken considerable time and focus to develop the market and we anticipate many forthcoming purchase orders,” Burdick said in a news release.

The Zanesville factory realignment will involve modifications and upgrades to the equipment and the addition of mat fabrication capabilities. Axion sells construction mats for oil and gas drilling, access roads and work platforms in difficult terrain.

Axion says the Zanesville plant will continue to sort, grind and wash post-consumer and post-industrial plastic, including high density polyethylene, polypropylene, PVC and polystyrene, but the output will be used primarily for its products.

Axion also operates a reprocessing plant in Waco, Texas. Last year it moved its company headquarters from New Jersey to Zanesville.

For the first quarter of 2014, Axion reported sales of $4.9 million in a filing with the Securities and Exchange Commission, which also said subsequent filings would be delayed while accountants and auditors determine how to record the assets of Y City Recycling.

Axion trades as AXIH on the OTCQB, which the middle tier of three marketplaces for over-the-counter penny stocks, shell companies and small foreign issuers. The company reported sales of $6.6 million in 2013, which was up 24 percent over 2012, with shipments to 58 paying customers, including 40 new to the company.


Comments

Axion adding production in Ohio for structural parts from recycled plastic

By Catherine Kavanaugh
Staff Reporter

Published: August 11, 2014 2:47 pm ET
Updated: August 11, 2014 2:57 pm ET

Post Your Comments


Back to story


More stories

Image

Plastic panels silence traffic noise

April 24, 2015 10:16 am ET

Australian packaging company Pact Group Holdings Ltd. has manufactured 180,446 square feet of lightweight polyethylene panels for noise barriers on a ...    More

Image

DaVinci puts its plastic scrap back to work on new roofs

April 22, 2015 3:01 pm ET

From its own manufacturing facility to construction sites around the United States, DaVinci Roofscapes recycles about 300,000 pounds of polymer scrap ...    More

Image

Economic déjà vu: strong spring growth expected after a rough winter

April 15, 2015 2:03 pm ET

The long, harsh winter is finally over, and the first quarter of the calendar is history. So now is an appropriate time to review the emerging trends ...    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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

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

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events