Saskatchewan, Tire Recycling Company Reach $4.8m Settlement - Beritaja

Saskatchewan’s authorities says it has reached a $4.8-million colony pinch a tyre recycling company.

The state says it agreed to salary the magnitude to Saskatoon-based Shercom Industries and that the institution has accepted the arrangement.

Shercom revenge a suit successful November 2024 alleging the state had breached its statement pinch the company.

The institution based on that the province’s scheme to let further processors breached its committedness to Shercom, which had been Saskatchewan’s sole tyre recycler.

Shercom laid disconnected labor owed to mislaid business aft the state hired U.S.-based Crumb Rubber Manufacturing to recycle tires successful Moose Jaw.

The state says the colony is not an admittance of liability and that different specifications of the statement are confidential.

In a connection Tuesday, it said the colony is “believed to beryllium successful the champion interests” of Saskatchewan residents and the tyre recycling industry.Saskat