Tulsa based recycled plastic pallet manufacturer Greystone Logistics recorded sales for the corporate second quarter 2012 of $6,213,501 compared to $5,052,873 in fiscal year 2011 for an increase of $1,160,628 up 23% for the period. Sales for the six month period ending November 30 were $11,997,125 compared to $10,047,081 in fiscal year 2011 for an increase of $1,950,044 up 19.4%. Greystone recorded net income of $751,141 during the six month period of 2012 compared to a net loss of $(846,335) in fiscal year 2011.

General, selling and administrative expenses were $899,345 in the six month period ending November 30 compared to $988,781 in fiscal year 2011 for a decrease of $89,436.

Warren Kruger, CEO, stated “The first six months of our year was solid reflecting increased pallet sales and improvements in production output plus a great job by our staff of controlling corporate expenses. We are in the right place in the green world to continue to grow our recycled plastic business and market our expanded line of 100% recycled plastic pallets. I anticipate a slower seasonally adjusted third quarter followed by a strong fourth quarter as we bring on a new mold and revenue from our new products.”

Greystone Logistics is a “Green” manufacturing and leasing company that reprocesses and sells recycled plastic and designs, manufactures, sells and leases high quality 100% recycled plastic pallets that provide logistical solutions needed by a wide range of industries such as the food and beverage, automotive, chemical, pharmaceutical and consumer products. Greystone’s technology, including that used in its injection molding equipment, proprietary blend of recycled plastic resins and patented pallet designs; allow production of high quality pallets quickly and at lower costs than many processes. The recycled plastic for its pallets helps control material costs while reducing environmental waste and provides cost advantages over users of virgin resin. Excess plastic not used in production of pallets is reprocessed for resale.

The last meeting of the IPG was again hosted by Container Centralen (CC) and took place in Hoofddorp, the Netherlands. The group identified the primary focus points in the road map for the future development of the CC Pool System, which primarily comprise:

• Increasing repair costs of low-quality copy shelves are a threat to the sustainability of the entire system.
• The development of a new plastic shelf for the CC Container.
• Further development of depot services.
• One uniform quality CC pool wanted by the users.
• Last but not least, continued dialogue with the market as well as improved communication from CC about the steps that they are taking in the development of the CC Pool System.

Over the next weeks, the participants will finalise the contents of the roadmap for the future.

“This range of meetings with participants from the entire horticultural industry has brought us valuable input and feedback,” says Tonny Vangsgaard Gravesen, CEO of CC. – “I must say that the initiative has exceeded our expectations. The group members have inspired us, as well as each other, and it is pretty clear what is wanted in the market at the moment.”

Although the four IPG meetings were intended to be a one-off incident, it has now been suggested that the cooperation continues in a more permanent form with participants from the IPG and maybe others. “Due to the great interest from the IPG members, we suggested at the meeting to form a ‘CC Customer Council’, which will meet once or twice a year to exchange ideas, input and feedback with the users,” Tonny Vangsgaard Gravesen says. – “The council will be used as a kind of advisory board to ensure that we continuously bring value to the market with any new initiatives that we launch. The group showed interest in the proposal, so we hope to continue this direct cooperation with the market,” he concludes.