Next Specialty Resins expands in Fayette 5.29
By DAVID GREEN
Scrap from the plastics industry is finding new life in Fayette.
Next Specialty Resins—part of a larger collection of plastics companies with headquarters in Addison, Mich.—is expanding operations at its Fayette plant located at the southeast corner of Industrial and Park streets.
Although the Fayette location has been used only for shipping and receiving since the company moved into the former Peter Stamping building in 2005, that’s changing with the expansion underway.
Recycling of plastics brings to mind beverage bottles, milk jugs, etc., for most people, but those products fall under the heading of post-consumer plastics. Next Specialty Resins handles post-industrial plastic, explained company president Rajiv Naik.
Scrap from plastics companies is brought to Next Specialty for shredding, grinding, testing and blending—a process that transforms scrap into raw material ready to be used again.
The company is making use of a $130,000 loan from the Fulton County Revolving Loan Fund in an expansion project pegged at $547,000.
A sink/float system was installed for material separation and a shredding and grinding line was added.
The Fayette location will continue to be used for shipping and receiving, Naik said, but plans call for additional processing lines in the future.
The Fayette plant has four employees now and Naik expects that to reach 10 to 12 by the end of the year.
“Then we’ll just have to see,” he said.
Contracts with additional plastics manufacturers would increase business, and there’s the possibility of adding an extrusion line in the future.
As a group of companies, a closed-loop recycling process is available—taking old scrap, processing it, and recycling it back into use.
Naik said the Next Specialty Resins will continue to inform companies in the region about its capabilities. As growth continues, the company will have an interest in employing people with plastics knowledge.
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