New facility will create 30 jobs.
Modular Carpet Recycling (MCR), based in New Castle, Del., has announced plans to open a new facility in Delaware that will bring 30 new jobs to the state over the next year, says CEO and founder Ron Simonetti.
The company manufactures high purity renewed nylon from post-consumer carpet and other waste textiles.
Delaware Governor Jack Markell and Alan Levin, secretary of the Delaware Economic Development Office (DEDO), jointly made the announcement with Ron Simonetti, CEO and founder of MCR at a ribbon-cutting ceremony at the company’s new corporate headquarters in New Castle, Del., June 7.
DEDO recently awarded MCR a $603,000 loan from the Delaware Strategic Fund for new manufacturing equipment at the site. The investment will bring about 30 new jobs to Delaware within three years.
“The emergence of clean technology industries is one of the most dynamic areas of the economy,” says Secretary Levin. “The state’s investment in MCR bonds economic and environmental goals by creating valuable manufacturing jobs for Delaware in this industry, while contributing to reducing waste in landfills.”
Simonetti describes MCR as a “waste carpet refinery” that takes waste carpet and purifies its nylon content beyond 99+ percent. Waste nylon carpet has 40-50 percent nylon content by weight to start, mixed with a variety of other plastics, chemicals, dirt and colors.
During the last three years, MCR has designed and built a pilot plant that has recycled waste carpet into a product that is greater than 99 percent pure nylon. The pilot plant received $5 million of capitalization from private equity and debt sources.
The new facility, being built in New Castle, Del., is the company’s first commercial plant.
“Delaware is a great place for us to build our initial facility and headquarters,” Simonetti said. “We found a talented chemical manufacturing workforce here, combined with an excellent stand-alone site at a location in the mid Atlantic region that provides central access to the waste carpet supply -- all key drivers in our decision to choose New Castle. We plan on expanding this facility with additional production lines before building out our manufacturing footprint nationally. We also have plans to build a site in northern Europe in our five year plan.”