WASHINGTON, DC — The Rubber Manufacturers Association (RMA) has developed a new, free publication designed to help entrepreneurs interested in the scrap tire industry plan business strategies.
RMA, which represents tire manufacturers, has just released “Considerations for Starting a Scrap Tire Company,” which can serve as a blueprint guide to starting a company that will help put scrap tires to new uses.
The guide provides a detailed market analysis, possible obstacles and suggestions for contacts that should be made during the planning process. It also covers general business practices and suggests several financial resources.
“The report will be a useful tool for those considering entry into the scrap tire industry,” said Michael Blumenthal, RMA senior technical director and principal author of the guide. “One of the most important goals of developing this document will be to establish sustainable markets for scrap tires.”
The guide was designed to assist individuals and companies along the U.S./Mexico border that may be interested starting or investing in the scrap tire business, but it can be applicable to entrepreneurs in other regions, too.
The material was prepared by RMA in conjunction with a grant from the U.S. Environmental Protection Agency (EPA) Region 6, administered by the Texas Commission on Environmental Quality (TCEQ), Border Affairs Division, and managed by the University of Texas at El Paso’s Center for Environmental Resource Management.
RMA is working with the North American Development Bank, EPA Regions 6 and 9 and officials with Texas, New Mexico, Arizona, California as well as Mexican state and federal officials to assist with the development of sustainable markets and infrastructure along the US/Mexico Border. RMA is supplying the technical expertise on scrap tire issues.
“Mexico has the same potential markets as the U.S.,” Blumenthal said. “What it is missing is the infrastructure to support these markets. In our view, the best way to resolve this issue is by working with the other stakeholders to achieve this end.”
“Considerations for Starting a Scrap Tire Company” is available as a free download in the Publications section of the RMA Web site: www.rma.org.
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