tire market is steady
Current economy is surprisingly easy on most tire recyclers
As jitters about the economy rise and recession fears mount, the market for scrap tires continues to hold steady at Auburndale Recycling Center Inc., a tire recycling facility in rural Wisconsin that processes around four million scrap tires a year.
“The flow of tires is strong. Demand has been good,” said Jerry Swensen, president of the facility, which processes tires of all sizes to produce rubberized playgrounds, horse arenas, landscaping material, as well as tire-derived fuel.
“I was concerned the downturn in the economy and the rising cost of fuel would impact us,” Swensen said. “But surprisingly, I have seen very little impact.”
The recycling center used to pick up tires down into Missouri and Indiana, but Swensen said he had to shrink his service area because of high fuel costs. Auburndale Recycling Center, however, has been able to pass along some of the higher costs.