Manufacturing Today Issue - 222 March 2024 | Page 164

In addition to the production of plastic pallets , Greystone presently has an in-house grinding capacity of 240,000 pounds in a 24-hour period
designs and plastic fire-retardant technology . It is one of the country ’ s largest post-industrial users of plastic . The opportunity exists for hyper-growth in leased plastic pallets . As such , Greystone has aligned itself with a plastic pallet leasing program . US wood pallet leasing revenue is currently over $ 1.5 billion annually . By selling pallets into a managed lease pool , Greystone will drive growth in this $ 2 billion market , currently dominated by wood . It works with plastic pallet rental programs that utilize tracking software to enhance efficiency .
The company is aggressively expanding its base of sales outlets and boasts a list of well-recognized customers , such as Walmart , Simplot , Molson Coors Brewing Company ,
Diageo Beverage Company , Pfizer , Apotex , Merck , and New Glarus Brewing Company .
In addition to the production of plastic pallets , Greystone presently has an in-house grinding capacity of 240,000 pounds in a 24-hour period . Through their Buy-Back Recycling Program , customers sell back their pallets at the end of their service-life to be shredded and reprocessed into new pallets . Alongside selling recycled plastic pallets , Greystone is also a leading North American supplier of recycled reprocessed polyethylene resin .
The company ’ s foundation was built upon its core value of sustainability and becoming the top eco-conscious manufacturer in
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