Newport Beach based CRM Rubber is to expand its operations at its Stockton, California warehouse by developing a full tyre recycling operation at the facility. The plant may eventually employ around 20 staff.
Tax Exemption Helps CRM Rubber Start Plant
CRM Rubber claim that a $286,000 sales tax exemption encouraged them to develop the plant.
“We had been considering an additional tyre recycling plant in Northern California for some time and the promise of a sales tax exemption was important in that decision,” said Brian Wong, CRM Rubber’s chief financial officer.
“We are hoping to acquire some equipment and turn it into a fully-functioning crumb rubber manufacturing facility. It’s a lengthy process. It’s not just about buying custom-made granulators from Denmark, but we have to upgrade the electricity, do some foundation work and there is a lot of technical work that has to be done,” Wong said.
“We are investing in the future. We believe California is going to be a major recycling capital,” Wong said.