Moorebank. Reclaim buys a tyre facility

Reclaim Industries Limited, at Moorebank, has expanded its operations with the acquisition of the inventory and the majority of the plant and equipment associated with the former Renaza tyre processing facility, at Fairfield, for $621,000. The transaction has resulted in Reclaim securing a high quality car tyre processing facility capable of producing 2400 tonnes of rubber per annum, the company said. Reclaim is the only company in Australia focussed on receiving whole waste tyres, processing them and manufacturing products for a wide variety of uses. MD, John Crosby, said sales have increased substantially over the past three months, with revenue, at $1.35 million, already up 27 per cent from the disastrous 2009 financial year. Of the approximately 20 million waste tyres generated in Australia each year, about 10 per cent is currently recycled in Australia