NASCO-OP calculates 2021 dividend

The New Philadelphia, Ohio-based National Association Supply Cooperative (NASCO-OP) has declared a 2.5 percent patronage dividend, or refund on purchases, for equipment ordered through the co-op in 2021.

That amount surpasses those of several recent years. In 2019 the company announced a 1.0 percent dividend; in 2017 1.3 percent figure; and in 2016 a 0.6 percent patronage dividend.

NASCO-OP Manager Bob Bedard says the dividend, calculated on the recycling equipment purchases a member or associate made via the cooperative, serves to further reduces the purchase price of supplies and equipment.

“While the shadow of coronavirus was ever-present, industry demand for products offered by NASCO-OP grew throughout the year,” says Bedard. “We saw solid improvements in all product categories, with conveyor belting and capital equipment leading the way. In fact, sales could have easily been higher had it not been for supply chain issues.”

Bedard adds, “With nearly 20 percent of orders originating online, our website underwent a significant upgrade to improve the visitor experience. With renewed confidence in markets, we also added three new members to our customer service staff, filling vacancies from 2020.”

NASCO-OP describes itself as the recycling industry’s purchasing co-operative for the members of several trade associations, including the Washington-based Institute of Scrap Recycling Industries (ISRI), the Canadian Association of Recycling Industries (CARI), the Manassas, Virginia-based Automotive Recyclers Association (ARA) and the Washington-based National Demolition Association (NDA).