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CANTON INDUSTRIAL CORP. REGISTERED AS TIRE COLLECTION FACILITY

 CANTON INDUSTRIAL CORP. REGISTERED AS TIRE COLLECTION FACILITY
 CANTON, Ill., Nov. 10 /PRNewswire/ -- Canton Industrial Corp. announced today that it has formed a new corporation, Canton Tire Recycling Corp., and has registered with the state of Illinois as a tire collection facility and intends to recycle all sizes of tires as well as other waste rubber products. The company started receiving tires on Nov. 5 and expects to be processing 2 million to 4 million tires a year.
 Canton believes it can become the largest indoor tire recycling operation in the world. Its 1.3 million-square-foot building located in downtown Canton is ideal for this purpose. "We appreciate the help and cooperation that the City of Canton and the State of Illinois have given us in getting the operation going. They have been more than supportive in everything we've tried to do," said Alan Hansen, vice president and project coordinator for the Canton site.
 The United States Environmental Protection Agency reports that approximately 242 million tires were discarded in 1990, about 82 percent of which ended up in land fills and other dumping areas. This was added to the growing pile of some 3 billion tires that have already accumulated.
 Products that can be produced from the scrap rubber include tire- derived fuels (TDFs), crumb rubber, salvage casings and some scrap metal. Recent government regulations will soon require that all federal and state highways include crumb rubber in the road materials to increase the life of the pavement surfaces.
 Crumb rubber adds elasticity to the materials and allows more flexibility with changes in temperatures and road pressures. Crumb rubber is also used in the fabrication of many items including bumpers, mud flaps, car mats and body liners for truck beds, as well as other extruded and molded rubber products.
 TDFs are taking the forefront as an alternative or in combination with coal as a fuel. Several industrial companies and some power plants have done test projects that show that TDFs offer cleaner, hotter burning fuels with greater energy output than low sulfur coal.
 Many states, including Illinois, are creating super funds to help businesses purchases the necessary tire recycling equipment and to develop recycling technology. "We are excited to be working with an innovative state like Illinois to help solve the problem of accumulating tires and turn them into usable products that will benefit everyone," said Ramon Smullin, president of the company.
 The company is bringing in the necessary equipment and projects to start processing tires in January. It is expected that approximately 35 new jobs will be created in the first year to process the tires and rubber products and an additional 35-50 jobs within two years.
 Canton has been in Chapter 11 reorganization but is in the process of negotiating the liquidation of its debt with creditors and with the bankruptcy court. Its stock trades on the Boston Stock Exchange (CIN-B) and over the counter. Audited financial statements are available on request.
 -0- 11/10/92
 /CONTACT: Ramon Smullin, president, or Richard Surber, corporate secretary, 801-575-8311, or Alan Hansen, VP, 309-647-4232, all of Canton Industrial/ CO: Canton Industrial Corp.; Canton Tire Recycling Corp. ST: Illinois IN: SU:


KJ-BP -- LA034 -- 9530 11/10/92 18:48 EST
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Publication:PR Newswire
Date:Nov 10, 1992
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