30 million scrap tires destined for new 'green' recycling center in Colorado

Rubber recycler Magnum D'Or Resources, Inc. is in the process of purchasing one of the world's largest tire dumps.
Jan. 1, 2020
2 min read

Rubber recycler Magnum D’Or Resources, Inc. is in the process of purchasing one of the world’s largest tire dumps.

The site in Hudson, Colo. – 50 miles northeast of Denver with convenient highway and railroad access – contains more than 30 million scrap tires covering 120 acres.

“Its central location is extremely well-situated to accept and supply all of Magnum’s current and future facility operations,” says CEO Joseph Glusic.

“This is yet another major milestone accomplished by Magnum’s dedication to becoming a major player in the industry,” he notes.

“This facility and location solidifies our standing and paves the way for our U.S. operations. I believe, with the size and location, that the facility will be a central hub for our company and at the center of our strategic plans for expansion,” says Glusic.

“Its central location as an international business hub makes it perfect for business access worldwide. This is just the beginning of some very exciting developments on the horizon,” he adds.

Based in Fort Lauderdale, Fla. with a 98,000-sq.-ft. facility located in Magog, Quebec, Canada, the company’s proprietary “green” recycling technology “provides a one-of-a-kind solution to all of the challenges in eliminating stockpiles of scrap tires and rubber scrap,” Glusic says.

A video profile of the Magog operation can be viewed at www.youtube.com/watch?v=G3rMYiI3wUo.

For more information, visit www.magnumresources.net.

Subscribe to our Newsletters

Latest in Finance

Jolly Sienda Photography
Paint Booths
Is it wise to buy something outright simply because you have the cash on hand?
Jan. 13, 2025
Adobe Stock 424199174
Business Valuation
It's not easy to look at a collision shop for sale and get an accurate idea of what the business is worth.
Oct. 30, 2024
Adobe Stock 377346711
Business deal
The private equity sponsors in the collision repair industry today manage more than $400 billion in managed assets.
June 13, 2024