FORT LAUDERDALE, Fla.(Feb. 13, 2008) — Magnum D´Or Resources Inc. said it will invest $51 million to open a cryogenic rubber crumbing facility in Magog, Quebec, in Canada.
The company said the facility will have a production line for both nuggets and buffings to fulfill new and existing orders.
Magnum also will produce rubber powders, EPDM powders, EPDM compounds, thermoplastics, and thermoplastics elastomers at the plant.
Magnum said it has been granted 400,000 square feet of land, with the option of immediate expansion for the production of rubber and rubber powders.
The firm said it is in negotiations with federal and provincial governing bodies for grants, project funding and financial assistance.