CRI terminates Volunteer Product Stewardship funding

Home Categories Carpet CRI terminates Volunteer Product Stewardship funding

As dynamics rapidly evolve with the significant economic impacts brought about by COVID-19, CRI has made the difficult decision to terminate funding of the Carpet America Recovery Effort (CARE) Voluntary Product Stewardship (VPS) program on June 30, 2020. A $2.5 million cap has been placed on the program to encompass funds paid from January 1, 2020 through the June 30 termination date.

Funded by CRI members, the CARE VPS program was created in 2014 as a voluntary, nationwide program to help fund sorters and recyclers that divert post-consumer carpet from landfills. It was originally intended to be a one-year incentive to help maintain the financial viability of carpet recycling during a critical period when market pricing alone (due to oil pricing and other economic headwinds) would not have likely allowed most recyclers and sorters to operate. Through continued funding by CRI’s carpet industry members, the program continued for four and a half years with $15.5 million paid directly to recyclers.

CRI and its members greatly value the critical role that sorters and recyclers play in making carpet recycling possible and appreciate the challenges these business owners are also facing during these unprecedented times. Earlier this month, CRI said VPS paid a one-time bonus to program participants based upon their average monthly pay-out over the past 12 months as the industry prepared for the unknown impacts of COVID-19.

CRI said its members remain confident about the future of the industry, and will consider reinstituting some programs in the future. This is a necessary and prudent step it must take in the short term.

Must Read

NWFA 2023 Wood Floor of the Year winners announced

St. Louis, Mo.—The National Wood Flooring Association (NWFA) has announced the winners of its 2023 Wood Floor of the Year Awards. The awards were developed...

Cali expands Legends collection

San Diego, Calif.— Cali, the omni-channel flooring brand, is expanding its popular luxury vinyl collection, Legends, with four fresh colors. The new shades draw...

Hallmark Floors partners with CCA Global

Ontario, Calif.— Hallmark Floors, a leading manufacturer of premium hardwood flooring, has partnered with CCA Global, a buying group that connects flooring retailers with...

Mannington publishes first Corporate Responsibility Report

Salem, N.J.—Reflective of its longstanding commitment to be a responsible corporate citizen, Mannington Mills, Inc., issued its first formal Corporate Responsibility Report detailing its...

LSI Flooring expands Manhattan team

New York, N.Y.— LSI Flooring, located here, announced the hiring of Stacy Pae as sales support rep specialist for its Manhattan territory. In this role,...

NRF predicts soft landing, not recession

Washington, D.C.—Economic indicators are giving conflicting signs but the nation does not appear to be in a recession and should be headed toward a...
Some text some message..
X