GPKE~~~Graystone Park Enterprises, Inc. will also be joint venturing with several companies outside of the recycling industry. GPKE will get 50% of the net income and 20-80% of the stock for its investments into each of the companies. The companies currently under our direction and under consideration are:
Kako Environmental is a carpet pad recovery company that collects and recycles the cushion pad under carpeting. The first location is replacing a company, Carpet Pad Recovery, which recently closed that was collecting and processing pad from the Grand Rapids, Kalamazoo and Battle Creek area logging sales of 550,000 to 600,000 pounds per month. It costs about $.08 to collect and bale each pound and it can be resold to manufacturers for $.16 per pound. The plan is to eventually purchase a reprocessing machine that will raise the revenue to $1.65 per pound with a profit margin of $.91 per pound after all expenses. Pad is already being collected and processed for shipment in Indiana to several national reprocessors. Particulars:
80 percent of all pad installed in the US is recycled
50 percent of all pad currently installed will be recycled
62,500 tons are recycled each year
Only 200 companies nationwide collect and resell used pad
30 factories buy and rebond the pad. Equipment is available to rebond your own pad, installatiion cost $1,000,000 per machine.
Pad can be recycled 8 to 10 times
Recycling services save the installer time, transport costs and disposal fees
Collections teams are small and low tech, centralized balers clean and compress pad for sale to rebonding companies. Start-up costs are low for a centralized collection center.
Plans call for 30 new locations a year in major cities feeding three rebonding machines or other rebonding companies depending on the price of used padding.
Matching funds are available from the states to reduce landfill waste and entice recycling companies to take carpet and pad. http://gpke.com/company.htm