Simply replace the unfilled areas such as "[]" and "[date]" with your information.
Dear [name],
Your suggestion that we recycle the trims from our vinyl production has been analyzed and found to be an extremely viable idea.
This recycling process, which will be implemented in six to eight weeks time, will result in direct savings to our firm. We commend you for your inventiveness!
Please accept our congratulations on the adoption of your recommendation and our thanks for your enthusiastic attitude.