PMR Revolutionizes Converter Recycling Process with 5-Day Turnaround
At PMR, we are committed to challenging the status quo and constantly pushing the boundaries of innovation in the catalytic converter recycling industry. That's why we are thrilled to announce our latest initiative: a multi-million dollar investment in brand-new machinery and extensive companywide renovations. This strategic move is set to transform the converter recycling process, enabling us to offer an unprecedented 5-day turnaround for our suppliers.
A Major Investment in Efficiency and Service
In an industry where time is of the essence, especially with a market as volatile as it’s been, we understand the importance of efficient processes. Our recent investment aims to revolutionize converter recycling by cutting processing time in half.
Making History Once Again
As a leader in the recycling industry, we continuously strive to make history and set new standards. In 2022, we received an ISO 17025:2017 certification, becoming the first ever converter processor to have our laboratory certified by an organization for standardization. We deployed the Supplier Services Platform (SSP) in 2016, the first digital platform with comprehensive tools to help recyclers collect, evaluate, and track their material profitably. Our drive for change pushed us to shorten the turnaround rate to 10-15 business days and lower lot requirements to 150 units, enhancing hedging options and increasing processing efficiency for our suppliers.
This most recent investment reflects our commitment to innovation and our dedication to providing our suppliers with the best possible experience. By upgrading each of our facilities over the next 12 to 18 months, we are poised to achieve what has never been done before: a remarkable 5-day turnaround rate.
Empowering Our Suppliers
The current market slowdown presents an opportunity for us to better serve our suppliers and equip them for success. We're taking advantage of this downtime to enhance our processes and develop tools that will genuinely assist our partners. By reducing processing time and toll-refining steps, we're ushering in a new era of converter recycling. Our enhanced capabilities will allow our suppliers to optimize their operations and stay ahead in a competitive market. We're empowering them to make informed decisions by providing access to real-time pricing data, historical trends, and valuable tools so they can get the true value for their converters.
Streamlined Operations for Seamless Service
Throughout our facility upgrades, we understand the importance of maintaining shipping and processing efficiency. To achieve this, our facilities will not undergo simultaneous renovations. Instead, material may be centralized at already finalized locations, ensuring minimal disruption and upholding all service level agreements with our suppliers. Our commitment to delivering exceptional service remains resolute as we usher in a new era of converter recycling.