DÜSSELDORF, GERMANY (Nov. 6, 12:05 p.m. EST) — Commercial Plastics Recycling Inc., which remains on track to open a new, $1.8 million post-industrial recycling plant in Millwood, W.Va., on Dec. 15, continues to seek a complementary line of business to broaden its portfolio.
Ben Benvenuti, CPR's president, and Chuck Miller, sales and marketing director of the Tampa, Fla.-based firm, cruised the aisles of Germany's K show checking out not only various recycling equipment but also other technologies. Miller calls it the “theory of adjacency,” referring to running a business that is complementary to CPR's recycling operations.
Benvenuti, in an Oct. 31 interview in Dusseldorf, said CPR is considering getting into the hot market of blow molding virgin PET, 5-gallon water bottles. Miller pointed out, “We know a lot of the people [in that sector] because we buy a lot of their waste streams.” The firm has not set a time frame to take such a step. “We will decide when it makes sense,” said Benvenuti.
Meanwhile, Benvenuti also provided an update on the new plant, which is in West Virginia's Polymer Alliance Zone. CPR began construction in late summer on the 50,000-square-foot plant and 3,500 square feet of attached office space, on a 5-acre site. The facility will open with about 12 employees, and perform grinding, screening, metal separation and perhaps cleaning of all types of plastic materials, but primarily PET, PVC and ABS. The company has been operating from a leased West Virginia plant since May 2000.
Benvenuti also revealed that nothing came of his previously reported excursions to Trinidad and Tobago last year. On the trip, he met with government officials there to discuss setting up a possible recycling venture on the island nation.
“We quickly sensed that this wasn't a deal for us,” he said.