Lyne Plastics has announced plans to invest $1.2 million to open a second plastics recycling operation in Missouri. The company, headquartered in La Monte, Mo., has decided to open a facility in Sedalia, Mo., that will measure approximately 48,000 square feet. The expansion will accommodate new production lines for the company.
Lyne Plastics, which has been in operation for 19 years, shreds, grinds and mixes plastics that are then shipped to industrial clients for use in a range of new products.
Lesa Lyne (pictured at right in the center), co-owner of Lyne Plastics, says the new location will be able to produce 1 million pounds of product, in addition to the product currently being produced at Lyne’s original site.
“We’re going to keep the line running constantly, day and night,” she says of the company’s production plans. “Hopefully within the next two to three years, we’re going to set up two more lines [similar to the existing ones],” Lyne says. “We’ve already got the material backed up, and there’s an endless supply of it.”
To assist the company with the expansion project, the Missouri Department of Economic Development has authorized an incentive package that includes $57,602 in Enhanced Enterprise Zone program tax credits over five years. The program has been designed for certain areas in the state that hold the potential to create sustainable jobs in a targeted area.