Major Canadian firm closes
By Editorial Staff, Plastics Recycling Update
June 20, 2014
One of Quebec's longest-running plastics recycling firms has laid off 90 employees and closed two facilities.
Founded 26 years ago, Recyc RPM was run by twin brothers Louis and Luc Metivier. The company held facilities in Beauceville and St. Damien, Quebec and processed a wide range of American and Canadian post-consumer plastics, including HDPE, PP and PVC.
The company's website states annual production capacity exceeded 140 million pounds of material.
"We are witnessing the decline of a Quebec jewel," Pierre Fillion, president and CEO of the Federation of Plastics and Composites Alliances, told Édition Beauce.
An article in Quebec's French-language newspaper La Presse suggested Recyc RPM owes nearly $20 million and is in the process of submitting a proposal to its creditors.
Louis Metivier, Recyc's CEO, did not return a request for comment.