LYNNFIELD, Mass. (Sept. 12, 2003)—GreenMan Technologies Inc. has completed a $1 million upgrade to its Minnesota processing facility.
The project, done in two stages, added shredding capacity in response to increased market demand for smaller tire-derived fuel products and the installation of GreenMan's third waste-wire processing equipment line.
GreenMan had invested more than $2.75 million to upgrade the shredding and waste-wire processing capabilities of its Minnesota and Iowa facilities, according to Mark Maust, Midwest regional vice president. The investment will provide an estimated annual crumb rubber capacity of 40 million pounds.
“We can now market our Minnesota alternative fuel products to a wider base of customers at higher margins,” said Bob Davis, GreenMan president and CEO. He added that the Minnesota and Iowa upgrades are critical to the company's re-investment initiatives intended to enhance its overall corporate performance.
GreenMan also is implementing operational and mechanical changes to more than double capacity at its California crumb rubber facility, he said. The firm's goal is to produce in total more than 50 million pounds of crumb rubber per year.