GreenMan upgrades equipment.GreenMan Technologies Inc., Lynnfield, Mass., has completed a $1 million upgrade to its Minnesota tire processing facility. The two-stage capital project involved adding new shredding shred n. 1. A long irregular strip that is cut or torn off. 2. A small amount; a particle: not a shred of evidence. tr.v. capacity and installing GreenMan's third waste wire processing equipment line, estimated to reduce annual disposal expenses by more than $160,000 yearly. "During the past 12 months, GreenMan has invested over $2.75 million to upgrade the shredding and waste wire processing capabilities of our Minnesota and Iowa facilities," Mark Maust, GreenMan's Midwest regional vice president, says. "This investment provides the Midwest Region with an annual crumb rubber Crumb rubber is generally manufactured from automotive and truck scrap tires. During the manufacturing process steel and fluff is removed leaving tire rubber with a granular consistency. capacity of about 40 million pounds per year on a go forward basis, which is double the production volume we anticipate during the current fiscal year." President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Bob Davis
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