AERT ENTERS INTO SECOND PLASTIC SUPPLY VENTURE.SPRINGDALE, Ark.--(BUSINESS WIRE)--Nov. 1, 1996--Advanced Environmental Recycling Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AERTA AERTA Army Environmental User Requirements and Technology Assessments (US Army) , AERTZ) announced today that the Company has entered into an agreement to establish a second plastic reclamation facility for high-density polyethylene high-density polyethylene n. Abbr. HDPE A strong, relatively opaque form of polyethylene having a dense structure with few side branches off the main carbon backbone. plastic in conjunction with Lockport Thermoset A polymer-based liquid or powder that becomes solid when heated, placed under pressure, treated with a chemical or via radiation. The curing process creates a chemical bond that, unlike a thermoplastic, prevents the material from being remelted. See thermoplastic. , Inc. and Security Environmental Resources, Inc. at Lockport, Louisiana Lockport is a town on Bayou Lafourche in Lafourche Parish, Louisiana, United States. The population was 2,624 at the 2000 census. Geography Lockport is located at (29.642584, -90.539895)GR1. . The raw materials utilized for this venture will be primarily high-density plastic grocery bags supplied by Security Environmental. The materials will be processed by Lockport Thermoset, Inc., utilizing AERT's plastic reclamation technology. AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team is providing technology in conjunction with some processing equipment to the venture and will purchase the output of said facility for its composite manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . The facility is under construction and is currently scheduled for initial startup in mid-December. Phase One capacity is projected at 120,000 pounds per week. According to AERT Vice-President, Doug Brooks, this new venture with Lockport Thermoset and Security Environmental will further increase AERT's plastic raw-material infrastructure in order to meet the increasing demands of our composite customer base. With the upcoming startup of our fourth extrusion line at Junction, Texas and the startup of our second extrusion facility later next year, the increased raw-materials generated by this venture will help supply the Company's increasing plastic feedstock requirements. "We are excited about this new venture and look forward to working with Lockport Thermoset and Security Environment," states Brooks. AERT manufactures high-quality engineered composite building materials under the trade names Moistureshield(TM) and CHOICEDEK(TM). The Company sells its products to the following markets: several national door and window manufacturers, residential and commercial decking through a network of CHOICEDEK(TM) distributors and dealers, and to the heavy industrial flooring market. The Company currently operates a composite manufacturing facility in Junction, Texas and a plastic reclamation facility in Rogers, Arkansas. CONTACT: AERT, Inc., Springdale Doug Brooks, 501/636-1552 or Lockport Thermoset, Inc. Jerry Bonnet, 504/532-2541 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion