Ohio’s Polymer Technologies and Services receives recognition

Polymer Technologies and Services Inc. (PTS), Heath, Ohio, has been named the 2017 Minority Energy Firm of the Year by the Minority Business Development Agency (MBDA) of the U.S. Department of Commerce during National Minority Enterprise Development (MED) Week. The award is presented to a minority-owned firm in the energy industry with goods and services that promote energy efficiency and result in improvement of the environment, proficiency and customer satisfaction.

MBDA partnered with the National Minority Supplier Development Council Inc. (NMSDC) to host the 2017 NMSDC Conference and Business Opportunity Exchange Oct. 22-25 in Detroit, which is where MBDA announced the awards, which recognized 15 businesses leaders, advocates and minority business enterprises (MBEs).

PTS was founded in 2002 and provides recycled-content materials. The thermoplastics resin processor and compounder says it strives to bring new value to the postindustrial and postconsumer plastics recycling industry and to process as much scrap domestically as possible, working with generators to transform their scrap into valuable raw materials. PTS provides services to the second- and third-tier suppliers to the automotive, appliance and home care/lawn care markets.

Sharad Thakkar, president of PTS, says he is “elated” about the award.

“To get selected nationally as Energy Firm of the Year is a great honor,” he adds. “This is also a great joy for all our 40 loyal employees that our administration is with us in our quest. The award gives a strong encouragement that our government cares and appreciates efforts to ‘Keep America Green,’ Thakkar says.

He adds that it “has been very challenging to do recycling profitably” given the drop in oil prices and the increase in domestic labor costs. “The award encourages PTS and several other such companies to keep working hard and invest more into the business.”

The 2017 National MED Week winners were recognized by MBDA Acting National Director Christopher Garcia during the NMSDC Power Breakfast Oct. 23 in Detroit. They also were invited to attend a National MED Week award’s ceremony held at the White House Oct. 24.

The full list of the 2017 National MED Week winners is available at www.mbda.gov/news/press-releases/2017/10/mbda-announces-2017-national-med-week-award-winners.