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IRG cites Trump tariffs and the hold-up of a federal loan guarantee as reasons for canceling plans for a plastics recycling plant in Erie.
It was also supposed to create 300 jobs. CEO and founder of IRG Mitch Hecht said in a statement, according to Waste Dive: "I am personally devastated after 18 years of working to bring this vision to ...
Mitch Hecht, the CEO and Founder of International Recycling Group, worried aloud in an October interview that public opinion could sink his fundraising efforts. And that could have scuttled plans ...
That plant, which was to built on 25 acres of the former Hammermill Paper Co. site, was the recipient of a combined $9 million investment from Erie Insurance and the Erie-based Plastek Group.
Mitch Hecht, the CEO and Founder of International Recycling Group, wasn't worried about the loan with the presidential election looming, but he made the call to cancel the project amid ...
IRG CEO Mitch Hecht told the newspaper he was “personally devastated” at the decision after spending 18 years working on the project. He also noted the “challenges” IRG faced from stalled ...
that had been in the works for four years. International Recycling Group, helmed by CEO Mitch Hecht, said Thursday it was canceling the factory partly because new duties on material and imported m ...
partially blaming tariffs that would bring “expectations of substantially higher project development costs than anticipated,” according to CEO Mitch Hecht. The announcement came a day after P ...
The company had planned to recycle 160,000 tons of plastic waste a year and turn about 20,000 tons of it into a new product to be used in the steel-making process.