Rodell Mordaunt
Jamaica, NY (USA)
Role(s):
Other
Styrofoam America
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Startup
Location:
Jamaica
Industry:
Manufacturing
Year Founded:
2003
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"C" Corporation
Description:
Styrofoam America Inc. is located in Jamaica, New York and has been servicing the tri-state area since 2003. The company recycles Styrofoam and other plastics in a variety of grades for larger companies who outsource this service. They are currently under contract with major retailers and shipping companies such as Sears and DHL. Nationwide Compacting recently introduced a thermal condensing extrusion, a piece of equipment which thermally condenses styrofoam into blocks, which currently operates at a rate of 240,000 pounds per month. Management projects over the next nine to twelve months the extrusion producing at a rate of 500,000 pounds per month. The implementation of this new technology has created a wealth of opportunity for the company as new customers seek to reduce operating costs. They are currently negotiating contracts with other major retailers and sanitation trucking companies. Management is dedicated to growing the company while fully satisfying every need of their existing customer relationships.