[MINTO, NB] — The New Brunswick and federal governments are spending $281,000 to help a tire recycling company improve its productivity and competitiveness.
The funding will help TRACC purchase a shredder and ancillary equipment that will enable the company to upgrade and increase its existing grinding capability, improve efficiencies and productivity by reducing maintenance costs and energy consumption.
Currently, TRACC produces a variety of products using recycled rubber crumb. Some of these include animal mats, interlocking and non-interlocking rubber mats, anti-fatigue mats, imitation patio blocks, barrel bottoms, landscape crumb, snow guards and roofing shingles called Moderne Slate.
“The financial support that TRACC has received from ACOA and the Province of New Brunswick has helped our company modernize its operations so we can continue to work on new innovative products, and sustain our competitive edge, while at the same time positioning ourselves for future growth in the tire recycling industry,” said Stephen Richardson, general manager of TRACC.