By Paul Ploumis 26 Aug 2015 Last updated at 04:33:48 GMT
Cohen has decided to invest $7 million to expand its 3120 S. Verity Parkway e-waste recycling facility.
EUCLID (Scrap Monster): Cohen Recycling has reportedly made huge investment to the tune of $7 million to expand its e-waste recycling facility in Middletown. The company intends to build a new facility which would almost increase the production capacity of the existing plant by at least 8 times.
According to Adam Dumes, Vice President, Cohen Electronics, the new investment will double the size of the 3120 S. Verity Parkway facility. It expects to add 50,000 square-feet to the existing structure, which would create 40 new jobs in the region. Around 12-15 employees are needed to operate the new machinery. Upon demand, the company plans to intend a second shift. The expansion will also add other related jobs at the facility. The expanded facility will house state-of-the-art processing system, he added. He further stated that the $7 million investment is the single largest capital investment in the company’s history. The investment is inclusive of the building and recycling equipment.
The official ground-breaking ceremony of the new facility is scheduled to be held 10 AM Wednesday. The expanded facility is expected to become operational by February 2016.
Meantime, Larry Mulligan, Mayor-Middletown noted that the reinvestment by Cohen signals that the city’s economy is on path of slow and steady recovery. Also, Hamilton County Recycling and Solid Waste District observed that Cohen’s new facility would strengthen South West Ohio’s electronics recycling infrastructure and would further reduce the waste in landfills.
Family-owned since 1924, Cohen is one of the largest ferrous and non-ferrous metal recycling companies in North America, processing more than 1.25 million tons annually. The company operates over 20 strategically located facilities.