How this NEW NEWS ties into THE PLAN...
MATERIALS:
Adriatic Recycling, Inc., which has been operating for three years, is in the business of tire recycling.
SHIPPING:
Trans World Logistics, Inc., is in the business of locating, identifying, and contracting for low cost transportation solutions for the shipment of goods
FACILITIES:
Tony Canales, Inc. maintains the only approved and permitted tire recycling facility in Southern, N.J. It can take in tires from over 55 towns and 16 counties in New Jersey. The tire facility is located on 10 acres of land, and is capable of processing over 2.5 million tires annually. Tony Canales, Inc. has focused on supplying TDF in 1x1 chips. TDF, which is ``tire derived fuel,'' is used for fuel in cement kilns, boilers, and other industrial applications.
Preston Tire maintains an approved and permitted tire recycling facility on 110 acres in West Virginia. Preston Tire is the only tire recycling facility in the state of West Virginia and has permits that enable it to recycle tires from West Virginia, the bordering states and New Jersey and New York. It has permits to construct seven storage and holding cells with room to expand to a total of eleven. Each cell is capable of holding 720,000 tires that have been shredded into two-inch chips. The company has three operational shredders, conveyors, and other equipment necessary for the environmentally safe processing and conversion of scrap tires. The company is evaluating and negotiating to purchase equipment for processing tire chips into crumb rubber. Crumb rubber is currently used in the manufacture of over 200 products ranging from impact barriers to pencil sharpeners. Video cassettes, tennis courts, handbags, ballpoint pens, and roofing shingles can be made from crumb rubber.
AND NOW THE PRODUCTS AND EQUIPMENT!!
The Equipment division of Emert Grinding, Inc., manufacturers its own tire shredding equipment, presses for making value added rubber products (such as mats), extrusion equipment, and machines for producing crumb rubber. The Rubber division manufacturers and sells crumb rubber for playground and industrial use. The Specialty grinding group can make and sharpen blades for all types of equipment. Its client base covers the spectrum from small blades for cutting up to Zamboni blades for hockey rink cleaning, and more importantly the various blades used in processing scrap tires.
Mr. Paril stated, "We are very exited to purchase these divisions from Emert. They will help round out our previous announced acquisitions, and help to make us more self sufficient in both the processing and sale of scrap tires. Most importantly, Dave Emert,, President of Emert Grinding, and a very experienced player in the scrap tire industry, has agreed to stay on and become director of these operations.
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