Entropex, one of North America’s largest plastics reclaimers, has laid off employees, ceased operations and will be put up for sale.
Nylon 66 recycled resin prices are expected to trend higher following the news late last week that fiber maker Invista intends to discontinue nylon 66 production at a Tennessee plant.
Plastic bag manufacturer Novolex will gobble up a nationwide maker of can liners, a move that will reduce its exposure to the uncertain retail shopping bag market.
Waste Management’s CEO says the company is still making some money on recycling but its return on capital is lagging, and environmentalists urge Minneapolis to ban plastic bags.
In the midst of Mardi Gras season, more than 1,600 plastics recycling leaders headed to New Orleans this week for Plastics Recycling 2016. But prices, not parades, were on attendees’ minds.