GreenMan posts $2.9 million annual loss

From Rubber & Plastics News

Lynnhaven, Massachusetts-Tyre recycling firm GreenMan Technologies Inc. lost nearly $2.9 million on sales of $29.7 million in the fiscal year ended Sept. 30, according to a company press release. GreenMan officials blamed the loss on several factors-including a March 2003 fire at its Jackson, Georgia, facility and reconfiguration of its Wisconsin operations-that cost the firm more than $3.2 million during the fiscal year. In the previous fiscal year, GreenMan earned slightly more than $1 million on sales of $27.5 million.

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