Tire recycling businesses take waste tires and convert them to products that serve as raw materials for a variety of industrial and civil engineering processes. Before starting a tire recycling business, conduct a thorough market analysis to identify possible customers in your area and to find reliable sources of supply.
Finding Sources of Used Tires
Explore within a reasonable driving radius, say 200 Km’s, to find sources of used tires. Good possibilities include:
- Car rental firms
- Bus operators
- Trucking companies
- Tire retailers
- Companies with large car fleets
Methods that can be used to collect tires:
- You can sent vans to supplier’s location for pickup.
- You can use drop-and-hook, a method that refers to leaving a bulk trailer at the supplier’s location to fill. The trailer is picked up later by the recycler when it is full.
- You can also Encourage your supplliers to drop off tires at the processing plant.
Finding Customers for Used Tire ProductsThe following is a sample of possible customers for tire-derived fuel products:
- Electric utilities
- Pulp and paper mills
- Dedicated tire-to-energy plants
- Cement plants
- Institutional and industrial boilers
Ground or crumb rubber is used in the manufacture of a variety of products. Look for manufacturers of the following items:
- Automotive parts and tires
- Extruded and molded products
- Athletic surface and fields
- Agrimats and equestrian footing
- Playground mats
- Landscaping, walkways and trails
- Rubber modified asphalt
Recycled tires have found applications in different types of civil engineering projects:
- Road construction
- Septic tanks
- Light-rail base for commuter trains
- Building foundations
- Landfill construction
After making a thorough analysis of potential sources of supply and making a list of possible customers, prepare a business plan to determine how to build a profitable business recycling tires. Starting up a tire recycling business requires a considerable investment of funds in equipment, site preparation, trucks and wages….. How to write a business plan
Register Your Business Name
Your business name plays a role in almost every aspect of your business, so you want it to be a good one. Once you have chosen a name for your business, you need to register it. Click here for a step by step guide on how to register your business
Plan Your Finances
Starting a small business doesn’t have to require a lot of money, but it will involve some initial investment as well as the ability to cover ongoing expenses before you are turning a profit.
How to fund your business?
You can finance your business by any or all of the following ways:
- Fund your startup yourself.
- Pitch your needs to friends and family.
- Applying for a Business loan
- Finding your business through crowdfunding
- Apply to local angel investor
Investors invest into things that they know and understand, only talk to investors who know your industry. Conversations with anyone else are unlikely to be productive. You also want to do some research into your investor. To fnd out What does an investor really want to see from your business pitch read more
A tire recycling plant must have adequate insurance coverage. It has safety risks and the potential for environmental mishaps. It needs protection from product liability lawsuits. more about business insurance