Hungarian waste recycler Alumechanik plans to expand its plastics processing operation on two sites with a total investment of almost €372,000.
The firm, founded in 2005, is spending around €235,000 to extend its base operation at Tatabánya in north western Hungary. There it will raise its processing capacity to 400 – 600 tonnes per month, Hungary's MTI news agency reported Alumechanik's chief executive Péter Kovács as saying.
His company will construct a new 500m2 processing hall at the site, as well as establishing an 800m2 outside storage area. A significant part of production will be moved to the new hall. Alumechanik won a European Union grant of more than €118,000 towards the project.
Alumechanik also plans to invest more than €135,000 to construct another processing plant on a separate site at Karácsond near Gyóngyós in the east of the country.
The company, a more general industrial waste treatment, recycling and disposal specialist, handles a wide range of plastics. In 2007, it started manufacturing its own products from ABS, polystyrene, polyethylene and PVC material and the range is continually expanding.
A large proportion of plastics waste that Alumechanik processes is converted to raw material in the form of chips and re granulate.
The recycler, which employs 410, has shown strong growth since 2010. In 2011, the firm doubled its annual revenue and last year achieved a figure of nearly €2m, which it expects to be repeated for 2013.