Feb
25, 2003 09:20 ET
Gage
Plans Major Expansion of Refining Services Business
NEW
ORLEANS , Feb. 25 /PRNewswire/ -- Gage Products Company plans
a major expansion of its solvent-recovery and waste-stream
management programs for the pharmaceutical, chemical and paint
industries.
Gage’s Refining Services Division expects to more than triple
its sales to non-automotive customers during the next 12 to
18 months, says Tom Murray, group manager of Gage Refining Services Division.
Sales to pharmaceutical, chemical and paint-manufacturing
markets are expected to grow from about $400,000 last year
to more than $4-million in 2007. During that same five-year
period, Gage also expects its total refinery business sales
to jump from $2-million to $8-million.
Attending the chemical and pharmaceutical industries’ annual
INFORMEX conference, Feb. 25-28 in New Orleans, Murray predicts
that non-automotive markets will account for 40 percent or
more of the division’s total revenue within five years. Last
year, Gage’s non-automotive sales from refining services accounted
for less than 10 percent of the division’s total revenue.
“The paint-solvent recovery and closed-loop recycling programs
Gage provides to the auto industry will continue to generate
50 percent or more of refining-services group sales, but we
are seeing a growing interest in our services from other industries
as well,” a Gage spokesperson said.
“Government regulation and concerns about the environment
in North America, as well as other parts of the world, will
continue to have a significant, positive impact on our sales
over the next several years,” the Gage executive explains.
Headquartered in the Detroit suburb of Ferndale, Mich., Gage
is a privately held business with more than two decades of
experience in the management of recyclable liquid-waste streams.
The company is an official sponsor of the INFORMEX media center
and an exhibitor at the show (Booth #0737).
Murray, points out that multi-million-dollar,
state-of-the-art refining facilities enable the company to
provide turnkey, waste-optimizing solutions for customers
in a variety of industries.
Paint manufacturers, as well as chemical and pharmaceutical
companies, produce highly complex streams of spent solvents
and other liquid wastes that are among the most closely regulated-and-monitored
by federal and state authorities. Regulatory scrutiny reaches
down to the disposition of even trace amounts of many compounds.
Murray notes that Gage provides its customers with a number
of valuable services. Gage, for example, takes over the management
of a company’s solvent waste material, then recycles and refines
it into original quality products. Recycled solvents often
are returned or sold back for re-use by the customer.
“We handle liquid-waste streams expertly and routinely so
that our customers can focus on their own core business,”
Murray says. “As a company, we are dedicated to improving the
environment. We convert waste material into useful commodities,
and we are recognized as pioneers in the development of ‘sustainable’
closed-loop recycling processes that incorporate innovative,
cost-saving technology."
Gage’s unique, environmentally-friendly service offers a
variety of customer benefits, including:
• An overall reduction in cost compared to traditional waste-disposal
services,
• Assured compliance with federal, state and local environmental
regulations,
• Reduced need for “virgin” raw materials by recycling and
returning solvents from the customer’s own waste stream, and
• Enhancement of the customer’s reputation as a responsible
corporate citizen.
“We’re a chemical company, not a waste company,” Murray says.
“We have a pro-active attitude toward the management of waste
materials. We remove waste as quickly as possible to reduce
risk caused by the onsite storage of hazardous liquid waste.
But for us, the process isn’t complete until these hazardous
materials are recycled and manufactured into new products.”
Gage not only helps its customers safely manage their waste
materials, the company also helps them save money in the process.
For example, Gage recently was asked by a pharmaceutical
company to manage a hazardous-waste stream consisting mainly
of the solvent ethyl acetate. Gage removed and processed an
average of 18,000 gallons of waste per week for a period of
nine months, saving this customer more than $216,000 in disposal
costs.
Gage maintains the highest quality standards and meets the
most rigorous regulatory requirements. To assure finished
product integrity, the company does not co-mingle its customers’
waste streams and assures that there will be no cross-contamination
from previously processed waste-stream residue.
“This is important,” Murray explains, “because companies that
generate spent-solvent streams are responsible for the care,
handling and re-use of those materials from ‘cradle to grave.’
Our program significantly reduces liability for our customers.”
Headquartered in Ferndale, Michigan, Gage also has operations
in Germany, the United Kingdom, the Netherlands, Belgium,
Brazil and Mexico. The company is a leader in the field of
sustainable manufacturing and solvent remanufacturing systems.
Its paint-system solvent-recovery processes are used in a
majority of North America’s automotive assembly plants and
have attracted the attention of European and Asia-Pacific
manufacturers as well. Additional information on Gage is available
on the Internet at www.gageproducts.com.
Source:
Gage Products Company
CONTACT:
Company Contact: Tom Murray of Gage Products Company, Phone: 248-691-6737, Email: tmurray@gageproducts.com; or Media Contact: Larry Weis
of AutoCom Associates, +1-248-647-8621, E-Mail: lweis@usautocom.com
, for Gage
Products Company
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