National Rubber Recycling.
National Rubber Recycling, a new company formed by National Rubber, a Toronto, Ontario based manufacturer, will build a tire grinding facility in Southern Ontario to help solve the province's growing scrap tire disposal problem. Supported with a matching grant of up to $3.5 million for capital equipment for the grinding facility and a two-thirds matching grant of up to $4.4 million for research and marketing development of new products and markets, the company will provide crumb rubber to its parent, for use as a raw material in the production of its more than 700 products. Using newly discarded tires and those from existing tire dumps, the facility will reach a capacity of more than 2-1/2 million tires a year within the first two years. When fully operational within five years, capacity should reach more than five million tires per year, or more than 60% of the waste tires generated in Ontario each year, the company stated. National Rubber Recycling is currently examining three technologies available for the processing of whole tires into crumb rubber in the volumes demanded by the facility.
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|Title Annotation:||Business Briefs: Acquisitions, Expansions|
|Article Type:||Brief Article|
|Date:||Nov 1, 1991|
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