Hugo Neu Recycling announces move

Alan Ratner, president of electronics recycling firm Hugo Neu Recycling (HNR), headquartered in Mount Vernon, New York, has confirmed that the company will relocate one of two divisions currently operating in Mount Vernon to Kearny, New Jersey.  He says the move will happen toward the end of April 2015.

“The new New Jersey location will be larger and enable us to attain many new efficiencies,” Ratner says.

The New Jersey Economic Development Authority (NJEDA) approved a 10-year, $4.5 million Grow New Jersey award to HNR to relocate to Kearny. Grow New Jersey is the state’s main job incentive program and seeks to support businesses looking to grow in or to move to New Jersey.

The NJEDA says the HNR project is expected to yield an estimated net benefit of $9.6 million for the state over 20 years and to create 63 new full-time jobs.

“All of the current workforce at the division in New York to be closed will be offered positions in New Jersey,” Ratner says.

According to an article posted to www.westfaironline.com, a Westfair Communications website, the plant will be in the Kearny Point Industrial Park, a property owned by Hugo Neu Recycling’s parent company, Hugo Neu Corp., New York City.

HNR provides end-of-life electronics recycling services for commercial, government and nonprofit institutions. The company says it is an e-Stewards certified recycler and also certified by the National Association for Information Destruction (NAID).