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Quincy Recycle's new Indianapolis plant should be up and running by end of year

By Herald-Whig
Posted: Nov. 4, 2018 12:10 am

Quincy Recycle soon will open an Indiana-based sister facility in Indianapolis.

Company officials say its newest site should be up and running by year-end. The company took over its new property, on the east side of Indianapolis, in early October.

The new facility will serve manufacturing clients in southern Indiana, southwest Ohio and northern Kentucky.

The Indianapolis location will operate, as the other six existing Quincy Recycle plants spread across the Midwest do, primarily in the fiber and plastic commodity markets. More than $2.5 million is being invested immediately in the property and equipment.

Quincy Recycle assists local, regional and national accounts with their waste stream management and sustainability goals.

"We are excited to be opening our seventh Quincy Recycle facility ... not only for the extended geographic reach and growth opportunities it presents our business, but also because it is a direct result of opportunities created by the drive and ambition of existing team members in New Haven, Ind.," said Philip J. Hildebrand, vice president of finance and administration for Quincy Recycle.

Indianapolis is 130 miles south of the company's existing plant in New Haven, in the northeast corner of Indiana.

The Indianapolis location is equipped with rail access, a critical feature providing opportunities to reach into and sell commodities into the Southeast and Southwest U.S. markets and Mexico.

Thankful Thursdays

Downtown Quincy's "Thankful Thursdays" will kick off Nov. 29, providing shoppers some extra holiday incentive to visit the District.

This is the fourth year the District has sponsored the Thankful Thursday concept, which sees participating businesses staying open until 8 p.m. The other three highlighted Thursdays are Dec. 6, 13 and 20.

The District extends from Front to 12th streets and from Broadway to State streets.

An early list of businesses scheduled to participate includes Sweet Apricot Shop; For Home and Her; Blue Lotus Boutique; Potter and Vaughn; Yellow Kiss Boutique; Grown-N-Gathered; Domestics, Etc.; Salty Sun; Shaker Hill; and Love It or Leave It.

District spokesman Kelsey Deters said the list of businesses is in its formative stage and "will continue to grow" this month.

They said it

º The Wall Street Journal: "Americans are holding on to their smartphones for longer than ever. Pricier devices, fewer subsidies from carriers and the demise of the two-year cellphone contract have led consumers to wait an average of 2.83 years to upgrade their smartphones, according to data for the third quarter from HYLA Mobile Inc., a mobile-device trade-in company that works with carriers and big-box stores. That is up from 2.39 years two years earlier."

º NBC News: "More than 70 percent of U.S. firms operating in southern China are considering delaying further investment there and moving some or all of their manufacturing to other countries as the trade war bites into profits, a business survey showed. U.S. companies operating in China believe they are suffering more from the trade dispute than firms from other countries, according to the poll by the American Chamber of Commerce in South China, which surveyed 219 companies, one-third from the manufacturing sector. Sixty-four percent of the companies said they were considering relocating production lines to outside of China."

º Bloomberg: "Even the biggest fast-food chains are embracing the opportunity to sell more food through delivery apps. In August, McDonald's Corp, the world's largest fast-food chain, announced that it would spend $6 billion to redesign its U.S. restaurants. As part of the upgrade, many McDonalds restaurants will have designated parking spots for curbside pickups made through mobile orders. ‘We're continuing to see delivery orders of about double the size of the standard restaurant check,' Chief Executive Officer Stephen Easterbrook said."

The top five

The most valuable pro sports franchises, according to Forbes.com:

1. Dallas Cowboys, $4.8 billion (NFL).

2. Manchester United, $4.123 billion (soccer).

3. Real Madrid, $4.09 billion (soccer).

4. Barcelona, $4.064 billion (soccer).

5. New York Yankees, $4 billion (MLB).

Words of wisdom

º Bronze medal: "Don't be afraid to give up the good to go for the great." -- John D. Rockefeller.

º Silver medal: "If you really look closely, most overnight successes took a long time." -- Steve Jobs.

º Gold medal: "A successful man is one who can lay a firm foundation with the bricks that others throw at him." -- David Brinkley.