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June 07, 1999 02:00 AM

NICOS EXPANDS IN PA.

PLASTICS NEWS REPORT
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    EASTON, PA. — Nicos Polymers and Grinding Inc. will relocate and combine its two plants in Easton into a 180,000-square-foot facility in the same area.

    ``If we break ground Aug. 1, we should be able to have everything built and moved in by March of 2000,'' said President James Knicos.

    In the last three years Nicos has become involved with recycling carpet. The decision to combine the operations was made mainly because Nicos' carpet-recycling division is doing well, he said.

    The firm needed more room and equipment for separating plastics.

    Back in 1997, Nicos had spent $800,000 to expand one of the Easton plants to accommodate the firm's growing interest in recycling reinforced hoses and reinforced fabrics, such as roofing materials.

    The current expansion will cost about $4.5 million and will be funded by a tax-free bond issue the state uses to help small businesses.

    Nicos had 1998 sales of $5.5 million for its sorting, grinding and fiber separation business. It buys and sells most post-industrial materials and uses post-consumer materials like high density polyethylene, PET and PVC.

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