Business Journal: Recycling Company May Open Plant


Share |
(Sacramento, CA)
Tuesday, February 12, 2008
Capital City Packaging wants to make fruit baskets, trays and clamshell-shaped packages out of 100 percent post-consumer plastic. Capital City’s three partners have received $3.6 million from the state Department of Conservation to buy equipment for the plant. But the company still needs $1.5 million to fund the project. Capital City plans to buy bottles from Ming’s Recycling in south Sacramento and sell them to companies that sort plastic, grind it into small flakes and wash them. The company plans to recycle almost 55 million bottles the first year, increasing to 143 million bottles -- and revenue of $12.7 million -- by the third year.