ALLIANCE, Ohio-Entrepreneur Jianquo Wang expects to make a profit in his new venture-exporting crumb rubber from Ohio to his native China. Mr. Wang formed Rubber Resources Recycling Inc. in December 1994 and expects to be in full production with three cracker mills by early fall.
Already, about 50,000 to 60,000 tires have piled up on Mr. Wang's doorstep, which leads into 58,000 square feet of leased space in Alliance's business incubator.
Mr. Wang plans to truck the 40-mesh crumb rubber to Baltimore and ship it to China, where manufacturers need the rubber to make matting, solid tires and shoe soles.
``Tires could absorb 300,000 tons of crumb rubber per year,'' said Mr. Wang. ``Shoes could take 1 million tons per year.''
Mr. Wang initially plans to supply a small part of that demand by employing 20 to 30 workers to process more than 1.2 million tires per year. He expects to charge a tipping fee of about 60 cents per tire and to sell the crumb rubber for $200 per ton in China.
Mr. Wang said crumb rubber sells for $200 to $440 per ton in the United States. American businesses expect too much profit, he said, explaining why he can ship to China at less cost.