Polymer Alliance Services LLC, part of Naik Industries, has invested about $4.5 million to establish a toll recycling and materials-handling facility and warehouse in Parkersburg. In April, the firm began operations in the new, 100,000-square-foot building.
Polymer Alliance serves 11 polymer producers in the Ohio Valley, said Saurabh Naik, managing principal of the firm and an affiliate, Intercontinental Export-Import Inc. of Odenton, Md.
Plans call for phased additions eventually bringing the site to 400,000 square feet. First-phase services include shredding, grinding, blending, color sorting and drying.
Polymer Alliance started with five employees, and plans to hire as many as 50.