The future looks even brighter for Acrylatex Coating & Recyling, an Azusa-based paint recycling company in California. A state law that will take effect on October 2012 looks set to boost the company?s business.
?It?s a win-win situation,? said Gary Erb, co-owner of Acrylatex. ?We need to keep recycling our products. We can?t just keep dumping our leftovers into the landfills.?
Erb?s business collects old paint, then processes and resells it for uses ranging from architectural coatings to asphalt sealers, and no, they don?t have paint strippers who peel off paint from the walls of homes and buildings.
What Acrylatex actually does is reprocess unused, surplus, excess and mistint paints which they collect from paint distributors, retail stores, painting contractors and hazardous household waste site vendors.
Acrylatex started in 2004 as a disposal company for hazardous waste. In 2008, the company went into the paint-recycling business.? ?We did some paint recycling before then, but we started getting so much paint that we decided to change the business to paint recycling,? Erb said.
Acrylatex, like the other three paint recyclers in California, only recycles latex paint. After putting the old paint through a proprietary chemical process, five main products are made in more than 20 colors each. Most of them are sold to contractors and the like and used as regular paint. Some of the paint is used for graffiti abatement and a low-quality grade is made into asphalt sealants.
For folks on a budget, Acrylatex sells the products for about half of the price of new paint, with a minimum purchase of five gallons at $8 to $12 a gallon. The paint is sold through retail distributors nationwide. Customers can also make online orders or stop in at its headquarters. Sales for the company topped $1 million last year.
The key to its future success will be AB 1343, a bill signed into law in 2010 and will take effect in October 19, 2012. The law requires a paint manufacturer?s surcharge, which is passed on to customers. The surcharge ranges from 35 cents for a pint to $1.60 for a five-gallon container. The revenue will be funneled to Paint Care, a non-profit organization that works with paint, hardware and home-improvement stores to help create drop-off locations for consumers, and is contracting with transportation companies to send the paint to recycling companies.
Acrylatex will benefit most from a state law that will funnel revenue to PaintCare, a non-profit organization backed by the paint industry. PaintCare works with paint, hardware and home-improvement stores to help create drop-off locations for consumers and it contracts with transportation companies to send the paint to recycling companies.? Revenue will be generated from a manufacturer?s surcharge which will be passed on to consumers.
PaintCare is expecting to receive $25 million to $35 million in fees from the program in its first year. In addition to public education, marketing and staff, the money will pay the recycling companies for processing the paint and contractors to deliver it from the drop-off sites.
Meanwhile, Acrylatex is getting ready for an expansion. The company employs 14 and expects to hire five more to handle the additional paint, even as it automates several jobs.
Posted by PWD on October 24, 2012. Filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entrySource: http://www.pinoywatchdog.com/paint-recycling-a-boom-for-acrylatex/
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