HEATH, OHIO - Quantum Chem-ical Co. has a buyer for its recycling operation in Heath. Terms of the sale of the plant to a newly formed company, 3DM LLC, were not disclosed.
Quantum began operating the 50,000-square-foot facility adjacent to its Heath compounding plant in 1992, and its two high density polyethylene processing lines have a combined capacity of 32 million pounds per year.
Jerry Parker, business director for HDPE for Quantum, said the recycling plant no longer fits with Quantum's resin and chemical production core businesses, but that the new company will continue to recycle post-consumer HDPE bottles. Quantum spokes-man Henry Gudrian said the plant had not been in full production for some time, and was shut down last year.
``Originally the plant was designed to do both HDPE and PET,'' Gudrian said. ``But we never got into PET with it.''
Michael Meyers, general manager for 3DM, said the new company is based in Heath and that it comprises ``people who have significant experience in plastics recycling.'' He declined to discuss the nature of that experience.
He said 3DM will start production in about 30 days, and within six months plans to add injection molding equipment to make plastic shipping pallets and other material handling products.
Meyers declined to say how much, or what kind of equipment will be added at the facility.
``We thought this was an excellent opportunity to get into the recycling market,'' Meyers said.
He said the firm will stick with recycling only HDPE at this time.