CCGC Receives PVC Order.SIMCOE, ONTARIO--(BUSINESS WIRE)--Nov. 6, 1996--CCGC (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :CR.) Custom Cryogenic Grinding  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Corporation (CCGC CCGC Canadian Coast Guard College CCGC Canadian Coast Guard Cutter ) today announced that it has reached an agreement with Interface Flooring Systems, Inc. to recycle waste carpet tiles and trim. Interface Flooring Systems, Inc. is one of the largest commercial flooring companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , with plants in LaGrange, Georgia LaGrange is a city in Troup County, Georgia, United States. It is named after the country estate near Paris of the Marquis de La Fayette, who visited the area in 1825. The population was 25,998 at the 2000 census. , and Belleville, Ontario Belleville (2006 population 48,821, metropolitan population 91,518)[1] is a city located at the mouth of the Moira River on the Bay of Quinte in southeastern Ontario, Canada, in the Quebec City-Windsor Corridor. It is the seat of Hastings County. . The agreement is for both plants, and guarantees a minimum order of 2.5 million pounds of material per year. "The minimum order will yield revenues of $450,000 to $500,000," said Joe Kosalle, President and Chief Financial Officer of Custom Cryogenic. "We expect to receive the first purchase order within the next week, and to begin shipments December 1. "This agreement is the successful culmination of nearly one year's testing," continued Mr. Kosalle. "In this tolling arrangement, CCGC will use its unique cryogenic technology, in combination with its polymer separation process, to strip and reclaim the PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. backing from carpet, and then ship the reclaimed PVC back to Interface for re-use. Interface is committed to recycle 100 per cent of its post-production waste. This project will recover approximately 50 per cent of waste carpet tiles and trim. Additionally, CCGC continues to develop a means of reclaiming additional PVC, as well as nylon fiber." CCGC also announced that it has strengthened its senior management team with the hiring of John Edward (Jack) Flinders as Director of Operations. Mr. Flinders brings to Custom Cryogenic 27 years of manufacturing experience in the rubber products industry. Prior to joining CCGC, he was the manufacturing services/quality manager for Gates Ganada Inc. where he held a series of increasingly responsible positions in plant management. "Mr. Flinders' experience in cellular manufacturing and quality control will prepare CCGC to accommodate the anticipated higher volumes expected during the next year," Mr. Kosalle said. "In particular, CCGC recently announced its first order for De-Vulc devulcanized rubber recovered using a proprietary process. We expect additional orders will results from the more than 150 trials with potential customers that are now underway." Custom Cryogenic Grinding Corporation is a fully integrated and diversified Canadian reprocessing Reprocessing may refer to:
named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturer of cryogenically ground rubber and plastic powders produced by its unique proprietary system, which uses approximately 50 percent less nitrogen than conventional methods. CCGC provides a cost-effective, environmentally friendly alternative of waste handling versus the high transportation and landfill costs currently incurred by many industries. -0- The Alberta Stock Exchange has neither approved nor disapproved this news release. CONTACT: Custom Cryogenic Grinding Corporation Joseph Kosalle, 519/426-5544 ext. 225 or Wertheim + Company Lisa Tait, 416/594-1600 or Wertheim + Company Dick Wertheim, 416/594-1600 |
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