Business Services Industry
RPM Technologies, Inc. Completes Development of Two New Facilities
Business Wire, Dec 1, 2004
PLAINFIELD, Ill. -- RPM Technologies, Inc. (OTC: RPMM), a leading manufacturer and marketer of environmentally friendly plastic pallets and related material handling products, announced the completion of its new grinding and processing facility in Park Forest, Illinois.
RPM provides subcontractors with molds and resins for the manufacture of its plastic pallets. RPM's resin processing occurs at the company's facilities and incorporates a proprietary system of grinding consumer and industrial plastic scrap into recycled resins. RPM's facility expansion in Park Forest, Illinois will accommodate growth in the company's grinding and processing operations stemming from recent agreements with several large post-consumer plastic scrap collectors. RPM expects to initially receive and process more than 750,000 pounds of HDPE mixed color scrap per month, approximately 37.5% of the facility's monthly capacity of two million pounds.
"We are very excited about this expansion," commented Randy Zych, Chief Executive Officer of RPM Technologies, Inc. "Installation of our custom-designed grinding and processing equipment was successfully completed as proven during our initial runs. We expect to bring this line up to speed quickly, approaching desired capacity sometime during the first quarter of 2005."
The Park Forest facility complements RPM's other grinding and processing facility located in Norman, Oklahoma, which services the Southwestern United States. RPM, as a result of certain recycler relationships, expects to receive 400,000 pounds of post-industrial and post-consumer plastic scrap for processing and later resale. As a result, this facility is expected to reach profitably during the fourth quarter of 2004.
About RPM Technologies, Inc.
RPM Technologies, Inc. develops, produces, markets and sells plastic pallets and other material-handling products to various unrelated entities located throughout the United States, Canada and South America. The Company subcontracts for the manufacture of its plastic pallets with large injection, extrusion and compression molders on a competitive bid basis. These manufacturers are selected on the basis of their equipment and manufacturing capabilities. The Company supplies them with the molds and resins that it has developed for specific product applications. Additional information can be found on the company's Website, www.rpmplasticpallets.com.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of RPM Technologies, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
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