Magnum Signs 5-Year Recycling Deal

Recycling and waste management solutions provider Magnum D’Or Resources, Inc. (Magnum) has announced the signing and closing of a five-year contract, valued at US$12.5 million a year, with US supplier of outdoor and landscape products National Sales & Supply (NSS) for rubber nuggets, effective immediately. Magnum, under this new agreement, will sell and supply NSS with rubber nuggets in addition to its current contract for rubber buffings. Magnum will use its patented scrap tyre recycling technology to produce this new product.

Joseph Glusic, President of Magnum, stated, “We are now accelerating our rapid growth in the ‘green’ market using our unique worldwide patented technology. We are beginning to fulfil our mission by doing our part to eliminate global pollution generated by used tyres and scrap rubber constituents in landfills.”

Magnum reports that one of the keys to its manufacturing processes is the high degree of quality control maintained during the ambient granulation of tyres, as well as the cryogenic process, where shredded tyres (and other scrap rubber) are frozen in a controlled fashion in order to properly separate the rubber from the textile and steel. This is said to permit precision grinding of the hardened rubber to very fine and pure powder.

Magnum, with its new technology and through licensing rights, owns a number of patents for the re-composition of rubber, the production of EPDM powders, and EPDM compounds that it believes could potentially revolutionise the rubber recycling industry in North America and China.