GreenMan posts $2.9 million annual loss

LYNNHAVEN, Mass. (Jan. 7, 2004) — Tire recycling firm GreenMan Technologies Inc. lost nearly $2.9 million on sales of $29.7 million in the fiscal year ended Sept. 30, according to a company press release.

GreenMan officials blamed the loss on several factors—including a March 2003 fire at its Jackson, Ga., facility and reconfiguration of its Wisconsin operations—that cost the firm more than $3.2 million during the fiscal year.

In the previous fiscal year, Lynnhaven-based GreenMan earned slightly more than $1 million on sales of $27.5 million.

Letter
to the
Editor

Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

SIGN UP FOR NEWSLETTERS