Prime time for recycling.Byline: Sherri Buri McDonald The Register-Guard Bulk Handling Systems, a local manufacturer of equipment that sorts the contents of recycling bins, has tripled its sales in the past three years. And more growth appears to be on the way now that the company has secured a $3.8 million loan from Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Trade Bank, which set up a line of credit with backing from the Ex-Im Bank See Export-import Bank. , the official export credit agency Export Credit Agency An agency established by a country to finance its nation's goods, investment, and services, often offers political risk insurance. of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The lending arrangement allows Bulk Handling Systems to issue letters of credit to foreign customers, assuring them that it will perform its end of the contract, and freeing up the company's credit line, making more money available as operating cash, said Steve Miller The name Steve Miller might refer to:
Wells Fargo HSBC Trade Bank, which has an office in Portland, is the only U.S.-chartered bank dedicated solely to international trade. "We believe exporting goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. that protect the environment is an area of great opportunity for U.S.-based companies," Marcus Hall Marcus Hall, (born in Coventry 24 March 1976), is a former England Under 21 football player, who currently plays football for Coventry City. He has played for the club for most of his career, coming through the ranks to make his debut in 1994. , a Trade Bank manager for Oregon said in a statement. "We offer customers our experience working with the Ex-Im Bank to help them export their goods, services and expertise." Miller, who had 24 years of experience in the recycling industry in the Seattle area, purchased a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in the 30-year-old Bulk Handling Systems in March 2005. Since then, he has pumped up the company's sales efforts and boosted investment in research and development. "We've been around for a long time," Miller said. "We have a strong reputation for building high-quality, durable, long-lasting equipment. Bulk Handling Systems is one of four major manufacturers worldwide of bulk recycling equipment. The others are based in the Netherlands, San Diego, and Montreal. It had kept a relatively low profile, so one of Miller's priorities was to increase its exposure in industry trade magazines and add sales people. Today, Bulk Handling Systems products are sold in Canada, the United States and Mexico, Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Europe, Japan and Saudi Arabia. The systems can cost anywhere from $500,000 to $10 million, Miller said. The company is interested in selling its products in China, which is a huge consumer of the paper fiber, plastic, aluminum and other materials the machines recover from the waste stream in North America and Europe. But "that's a tough market for us to access," Miller said, adding that Bulk Handling Systems will be part of a trade show of Oregon products the state Economic and Community Development Department is organizing in China. China's middle class is growing, but the recycling trend is taking hold mostly in developed countries, he said. "China is just not ready yet," Miller said. Bulk Handling Systems' success signals the growing acceptance worldwide of commingled recycling, whereby newspapers, junk mail, plastic bottles and aluminum cans are all tossed together by the consumer, and separated later by machines. "There's more focus on environmental sorts of issues and there's a greater need to pull things out of the waste stream for recovery," Miller said. "There's a worldwide shortage of raw materials, (such as) fiber, metals and plastics." In addition to its patented technology that separates recyclable materials, Bulk Handling Systems is also developing technology that can cull cull the act of culling. Called also cast. recyclable materials from the municipal waste stream - or unsorted trash. The company installed a top-of-the-line system in San Jose, Calif., that sorts 55 tons of material per hour. One line sorts through 20 to 25 tons of recyclables an hour, while another line sorts through 35 tons of trash an hour, Miller said. "It's an exciting time," he said. "People are becoming more environmentally conscious, and we're in a good position to address these needs." BULK HANDLING SYSTEMS Business: Designs and builds machines that sort out recyclables Address: 1040 Arrowsmith St., Eugene Established: 1976 Majority owner: Steve Miller Employees: 72 |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion