Ohio processor preps for expansion
By Editorial Staff, Resource Recycling
Geo-Tech Polymers LLC has secured financing to open a second processing facility.
Following its acquisition last June by Wastren Advantage, Inc., Geo-Tech began planning to significantly expand its capacity and service offerings. Geo-Tech, which recycles plastics from automotive, packaging and electronic scrap, predicts the expansion to a 123,000-square-foot facility in Waverly, Ohio, will create approximately 50 new jobs.
The expansion was aided by $1.2 million loan through the Jobs Ohio program; a $50,000 grant from U.S. Department of Energy sub-contractor Fluor-B&W Portsmouth's Community Commitment Plan; a $50,902 job creation tax credit from the state; as well as a $460,000 loan through Pike County's Community Development Block Grant program.