The manufacturers of fiber manufacturing machines say they’ve been able to keep their operations going despite an economic downturn.
The fiber industries, which make a wide variety of devices and fixtures for homes, factories and offices, are among the fastest-growing industries in New York.
But their businesses have also suffered from the economic downturn and the government’s decision to ban the use of certain types of recycled materials, including glass, aluminum and copper.
The manufacturers say they have not been able keep up with the demand and are now having to close down.
Fiber industries, in particular, have suffered from economic uncertainty, including the government shutdown.
In February, the Federal Communications Commission issued a rule prohibiting the use and disposal of aluminum and fiber glass in buildings, but the rule was rescinded by the president in May.
The FCC’s rule prohibited the use or disposal of “other recyclable material that may be considered hazardous” by federal regulators.
A new rule also barred the use in fiberglass products of recycled glass and plastic.
While the new rule does not ban the manufacturing of certain recycled materials like glass, the industry said it is worried about the new rules.
“I am a huge proponent of this industry and have invested a lot in it,” said David Schulte, president and chief executive officer of Fiber One, a manufacturing company that makes the fiber filtrator for homes.
“We were not going to get a refund on the loan that we were due for a machine that was a year old and we had to shut it down.”
Schultege said the company has lost $25 million since the new regulations went into effect in December.
“What we’ve seen is the demand for these machines have gone way down,” he said.
“It’s been a little difficult because we don’t have the financing.”
Fiber Filters Schultecke said the machines that were being used for homes were designed for the old style of building.
They use a lot of fiberglass and a lot less copper.
Schultee said Fiber One had received $25,000 to build and equip these machines.
“They are all brand new and they have been in business for a while,” he told the New York Daily News.
“And we had $25k laying around, and we have been able, as a company, to get $25K in financing to build these machines.”
Schulter, the executive vice president of the Fiber One manufacturing company, said he was unsure how much of his company’s investment in the machines was from recycled materials and whether it would be reimbursed.
Schulters spokesman, Kevin Smith, said the companies is in talks with the federal government to determine how much is going to be reimbursable.
“Fiber Filters has been in a manufacturing business for several years now and have always paid its fair share in rebates to customers,” Smith said in an email.
“The FCC’s rules do not apply to the industry.
In fact, it is a violation of the law for the FCC to ban recycled materials.
This is a major setback to our business and it puts us at risk of losing tens of millions of dollars in our business.
The companies will pursue all available options to make up for the lost revenue.”
In addition to being the primary source of financing for the fiber businesses, the companies also have had to hire out their manufacturing equipment.
“There’s been an enormous amount of work put in by Fiber One to get these machines to where they are today,” Schultek said.