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.
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Press release from Magnum D'Or