Engineering plastics recycler Intercontinental Export-Import Inc. has closed its 100,000-square-foot plant and warehouse in Odenton, Md., and moved much of the operation to its plant in Parkersburg, W.Va.
The Odenton operation closed April 19 when the company moved its headquarters from there to nearby Columbia, Md., said accounts manager Saureen Desai. All 20 workers from the headquarters and warehouse moved to Columbia, she said. The company will be hiring 50 people, largely in sales and procurement, which will increase the size of its headquarters staff to 70. The firm employs 600 people worldwide.
IEI has 19 warehouses, each with recycling operations, which have a combined 3 million square feet. In addition to its headquarters, it has 11 warehouse and recycling operations in the U.S., two in Canada, and one each in Mexico, India, the Netherlands, and Germany, as well as a facility in Milan, Italy, that opened earlier this year.
It also supplies its operation in China that makes lumber, building products and handles for tools such as screwdrivers from recycled plastic, said Desai.
``That is a five-year project that we just began last year,'' she said. ``We are looking into creating a brand name.''
The Parkersburg facility, which was expanded last year, is the company's largest recycling plant and warehouse, with 1.2 million square feet. It employs about 100.
Nylon represents about 50 percent of the material that IEI recycles, Desai said. About two-thirds of the plastics the company recycles is exported to China and India; the rest is recycled in a closed-loop process that sends the material back to the companies from which IEI obtains it.
In addition to nylon, the company also recycles some 20 other plastics that are generated from industrial waste, including ABS, polycarbonate and PET.
``We expect an unprecedented growth of IEI in the coming years,'' said Saurabh Naik, chief executive officer.
IEI was the first company formed by the Naik Group of Industries, also based in Columbia. IEI provides support to all of the related companies in Naik Group.