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27-12-2022
Business

Answered

Allied Pigments and Dyes, Inc. (APD) has received notification from the New Jersey Environment Protection Agency (NJEPA) that their Bound Brook manufacturing facility is in violation of waste water effluent standards. APD has been ordered to install new waste water treatment equipment, pay fines, or shut down the facility. APD's Bound Brook facility, built in 1928, produces an old product 11 line with declining sales and cash flow. Before receiving NJEPA's notice, the facility was scheduled to be 13 shut down in 5 years. Bound Brook Facility: Estimated Net Operating Cash Flows 16 Before receiving NJEPA notification.

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