Magnum d'or adds 5-year rubber nuggets deal to contract
ERJ staff report (DS)
Fort Lauderdale, Florida -- Magnum D'Or Resources, Inc. has closed a 5 year, $12.5 million contract, with National Sales & Supply for rubber nuggets, effective immediately.
A week ago, magnum announced a $91-million deal to supply the same customer with rubber buffings over the same 5-year period. Under this new agreement, Magnum will sell and supply NSS with rubber nuggets in addition to its current contract for rubber buffings. Magnum will use its patented technology, through the process of recycling scrap rubber tyres, to produce this new product.
Magnum said it owns a number of patents for the re-composition of rubber, the production of EPDM powders, and EPDM compounds that could potentially revolutionise the rubber recycling industry in North America and China.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Magnum D'Or
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
- Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
- Unlimited access to ERJ articles online
- Daily email newsletter – the latest news direct to your inbox
- Access to the ERJ online archive