CHICAGO (June 22, 10:10 a.m. EDT) — Recycler American Plastics Inc. (Booth E11030) is adding wash and dry capabilities to its recycling plant in Anderson, Ind.
The Akron, Ohio-based company is adding equipment to let it better handle contaminated post-industrial material from customers, said Chief Executive Officer Mel Temple.
The firm specializes in recycling post-industrial scrap, mainly engineering resins like polycarbonate and acrylic, and has strong ties to the automotive industry, said Temple. The company has a capacity of about 24 million pounds of material a year, and does about $12 million in annual sales, he said. The company employs about 75.
American Plastics produces flake in Anderson, but does not have any plans to get into pelletizing, he said.
“We'd like to expand our supplier base with two things in mind, with engineering resins and program buying from the suppliers,” where the company buys scrap consistently from specific customers rather than buying materials on a spot basis, Temple said.
He said the investment in the wash and dry line is not significant, and business is improving a little.
“We are convinced that the industry has already hit bottom and is slowly coming up,” Temple said. “We see some daylight.”
The company sees demand improving from companies that want to meet ISO requirements, Temple said. American Plastics is a division of Exchange Plastics Corp. in Akron.