Automotive OEM - Savings of $2.2 Million
A major Tier One Automotive OEM, located in Michigan sought Geo-Tech’s help to reduce product costs dramatically by recycling 100% of their Painted TPO and PC/ABS plastics and putting them back into production to replacing prime resin at a 50-75% savings.
Geo-Tech Polymers successfully processed the TPO and PC/ABS plastics, exceeding the automaker’s requirements. When the cleaned material was tested, it met the original prime material specifications.
In year one, the OEM automaker reported saving $2.2M by using its recycled product for high-end applications, replacing prime resin at a fraction of the cost. Additionally, productivity for the OEM was increased when resources allocated to selling and managing the recycled product were redirected to higher priority business needs.
Retail Consumer Packaging Company - Savings of $1.3 Million
A billion-dollar provider of plastic consumer packaging and generates millions of pounds of plastic scrap each year. The company sought the help of Geo-Tech to recycle its white and clear screen printed plastic scrap for re-use, reducing the amount of costly virgin resin it need to purchase.
The Retail Packaging Company selected Geo-Tech Polymers for its successful water-based process (no harsh chemicals or solvents used) and the uniquely high quality of its post-recycled product.
The Retail Packaging Company is on track to recover at least 3 million pounds of decorated scrap, saving an estimated $1.3 million dollars in the first 12 months of use. By using its recycled product for high-end applications, the company is able to greatly reduce the need to invest in prime resin.