HONG KONG-headquartered Rubber Research, Inc. has purchased a manufacturing plant in Ogilvie, Minnesota, USA.
The three-building plant, spanning 2.4 acres was the former home of Hi-Tek Rubber, Inc.’s manufacturing operations.
RRI recently signed an agreement to purchase Hi-Tek.
The facility will be producing innovative rubber roofing products that Hi-Tek was known for.
Gary Ziehr, CEO of RRI and Hi-Tek Founder/President Gordon Cell issued a joint statement noting that the purchase is “the ultimate building block of our newly-formed team dedicated to environmentally sound and cost effective scrap rubber remediation.”
RRI and its subsidiaries have long been at the forefront of the development of processes unique in the field of rubber reuse and recycling, especially through its patented TireCycle technology, which is claimed to be the only technology in the world that reactivates used crumb rubber to virgin rubber equivalent in an environmentally sound and cost savings manner.(RJA)
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