Dive summary:
- Lyne Plastics has announced plans to open a second plastics recycling operation in Sedalia, Mo., which is expected to be able to recycle 1 million pounds of product by March.
- Owner Lesa Lyne is investing around $1.2 million in the new 48,000-square foot facility; at first, only one production line will be installed but Lyne says she hopes to install more within the next two or three years.
- The Missouri Department of Economic Development has also authorized a five-year Enhanced Enterprise Zone tax incentive package for $57,602.
From the article:
Lyne Plastics, which has been in operation for 19 years, is involved in shredding, grinding and mixing plastics that are then shipped to industrial clients where the material is used to make a range of new products.
Lesa Lyne, co-owner of Lyne Plastics (pictured center in the photo above, with her husband Lyman on the right), says the new location will be able to produce 1 million pounds of product by March 2013, in addition to the product currently being produced at Lyne’s original site. “We're going to keep the line running constantly, day and night,” she says of the company’s production plans. “Hopefully within the next two to three years, we’re going to set up two more lines [similar to the existing ones,” Lyne says. “We’ve already got the material backed up, and there’s an endless supply of it.” ...