Magnum to open $51 million cryo-crumbing pant in Canada

ERJ staff report (DS)

Fort Lauderdale, Florida -- Magnum D'Or Resources, Inc. has said it intends to invest $51 million in a new cryogenic rubber crumbing facility in Magog, Quebec Province, in Canada. The company said the new facility will have a production line for both nuggets and buffings to fulfill new and existing orders. Magnum will also produce rubber powders, EPDM powders, EPDM compounds, thermoplastics, and thermoplastics elastomers at the plant.

Magnum said it has been granted 400,000 square feet (10acres / 3.7 ha) of land, with the option of immediate expansion, in the new industrial park in Magog for the production of rubber and rubber powders. The company added that it is currently in negotiations with Federal and provincial governing bodies for funding that includes: grants, project funding, and financial assistance offered by the Ville de Magog and other government programs offered by both the Quebec and Canadian governments.

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Press release from Magnum D'Or