A Mount Vernon recycling plant is closing so its parent company can move the plant’s operations to Kearny, N.J.
Twenty-seven workers at the Hugo Neu Recycling LLC plant at 518 Franklin Ave. will lose their jobs as a result of the relocation. The facility will close on April 30, according to a notice filed with the state Department of Labor.
The company, which recycles used and obsolete electronics, and reconditions still-usable electronics, recently won a $4.5 million dollar, 10-year Grow New Jersey grant to relocate its operations to Kearny rather than Orangeburg in Rockland County.
The new plant will be in the Kearny Point Industrial Park, a property owned by Hugo Neu Recycling”™s parent company, and is expected to create 63 full-time jobs and provide a net economic benefit of $9.6 million to New Jersey over the next 20 years, according to the New Jersey Economic Development Authority.
A company representative did not immediately respond to a request for comment.
Hugo Neu Recycling also has a processing facility at its Mount Vernon headquarters at 249. E. Sandford Blvd.
