Nationwide waste renewal sees gold in recycling

BY AVIA COLLINDER Business reporter

Saturday, November 28, 2015

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MARLON Grant, owner and CEO of Nationwide Waste Services (NWS) Ltd, says he continues to see a profitable future in recycling. The six-year-old company he started in 2009 is expanding, with plans in place to increase exports.

The company collects double line kraft (DLK) and old corrugated cardboard (OCC), which are both recycled cardboard, and prepare them for export.

"We also collect and dispose of solid waste at the landfills and, additionally, provide haulage for bauxite," Grant adds.

The company uses garbage trucks, roll-on and roll-off trucks, forklifts and commercial scales for its waste management and recycling business, and dump trucks for the bauxite haulage division.

Grant says that since start-up, return on investment is approximately 20 per cent. The total invested in operations to date is approximately $16 million.

Recently, the company borrowed another $5 million from the Development Bank of Jamaica (DBJ), an infusion of funds which is expected to improve revenues by an additional 10 per cent, the CEO said.

"NWS has humongous plans to increase the variety of recycled products for export. We plan to increase the awareness of the Jamaican population about the importance of recycling through advertising. We also have plans to hire more skilled and unskilled to work in the areas of marketing, machine operation and general collection of waste and recycled materials," Grant says.

The entrepreneur has been exporting recycled cardboard since 2014.

Nationwide is located at 154 Marcus Garvey Drive in Kingston and employs 10 people. The company's main clients are Corrpak Jamaica and AMG Packaging.

Grant notes that the loan for expansion was taken after DBJ provided assistance through its voucher programme to improve NWS's credit worthiness.

By this means, Grant was able to prepare a professional business plan and financial statements.

Grant reflects: "The DBJ convinced me that it had a genuine interest. Furthermore the interest rate was very competitive. The loan will be used to purchase new equipment such as balers, pallet jacks and forklifts and to hire more employees to facilitate our anticipated growth."

Sales for the last 12 months have been "steady and stable and the demand for our products and services have been spiralling upwards," the entrepreneur says.

"Revenues have been steadily increasing this year in comparison to last year because we have increased the pool of customers, and our network of collection of used cardboard has increased," he observed.




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