Recycler Next Resins LLC has moved its headquarters and distribution center to a 225,000-square-foot location in Toledo, Ohio.
The company had been located in Addison, Mich. about 50 miles north of Toledo since being founded in 1996. The company will maintain its 250,000-square-foot Addison operation, which includes grinders and extrusion lines.
The new Toledo facility includes offices, warehousing and a testing lab, according to sales and purchasing manager Todd Webster. The site, which opened in early December, now employs 10, but that number should grow to 25 or 30 by the end of 2010, Webster added in a recent phone interview. Next Resins also employs 45 in Addison.
The new site ``is a more centralized location,'' Webster said. ``It allows us to do more and to do things more quickly.''
Next Resins recycles about 30 million pounds of material annually, with about 80 percent of that amount coming from industrial sources. Most of its output by volume is nylon and polypropylene, but the firm also handles ABS, polycarbonate, acetal and other materials.
In 2008, Next Resins spent $500,000 to install a new shredding and grinding line to handle high density polyethylene scrap and dunnage from the auto market.
Next Resins had recycling-related sales of about $17 million last year.
The firm is part of Naik Group, a collection of recycling, injection molding and mold-making businesses in the U.S. and India owned by brothers Rajiv and Saurabh Naik and their cousin Upen Naik. Rajiv Naik serves as president of Next Resins.