Statement issued Tuesday:
Quincy Recycle Paper announced today that it will be locating a facility in New Haven, Indiana. The company, which has its headquarters in Quincy, Illinois and is also located in Alsip, Illinois, will move to 2100 Summit Street. The project is scheduled for completion in December 2010.
"We are looking forward to beginning operations in northeast Indiana," said Bryan Stokes, president of Quincy Recycle Paper. "Locating in New Haven gives us the opportunity to reach a broader consumer base and will bring us closer to suppliers. This expansion will also put us in position to maintain consistent growth in the future."
Quincy Recycle Paper is a recycling facility that accumulates recycled material from suppliers, processes it and ships it to paper mills and plastic companies. The company handles over 250,000 tons of paper and plastic annually and stocks new and used baling equipment at its facilities. Quincy Recycle Paper will add an Excel Baler, IPS Baler, and a Cresswood Shredder in the new facility.
"The City of New Haven has shown that it is a viable and business-friendly place to grow or locate a company," stated Mayor Terry McDonald. "We welcome Quincy Recycle Paper to our community and we will work hard to provide them with every opportunity to continue to expand."
Quincy Recycle Paper has requested that taxes on the project be phased in over time. The company could realize $22,290 in personal property savings over a five year period if the request is approved by the New Haven City Council. The company's tax abatement request will be introduced at the July 27 New Haven City Council meeting.
About Quincy Recycle Paper
Quincy Recycle is a full service paper and plastic recycling operation. The company has been providing recycling services for industrial, municipal and recycling operations throughout the United States for over 30 years. The Quincy Recycle Paper headquarters is located in Quincy, Illinois. For additional information on Quincy Recycle Paper, visit www.quincyrecycle.com.