Hungarian plastics recycler LAplast Műanyagipari Kft. is planning to invest HUF 300m (€1m) at its plastics recycling facility in Tiszaújváros, in the country's north-eastern part, Gábor Berki, the company's project manager, told local news weekly Budapest Business Journal.
With the planned investment, LAplast is aiming to boost the plastics recycling capacity of its facility by close to 100%. Currently, the Hungarian company is enabled to process between 1,600 and 2,000 tonnes of plastic waste per year.
LAplast's product range includes LDPE, LLDPE, PE and BOPP film with a maximum width of 1260 mm. The company supplies its products to a number of companies which are active in the food, machinery and other industries. In addition to the domestic market, LAplast exports a significant share of its output.
The firm has been active in the Hungarian plastics recycling industry since 2000 when it was established as a result of the privatisation of the plastic processing division of local petrochemicals company Tiszai Vegyi Kombinát Zrt., a subsidiary of Hungary's MOL Group. The Tiszaújváros-based company specializes in recycling PET bottles.
LAplast says its plastics recycling facility is ISO 9001 and 14001, OHSAS 18001 and HACCP 28001 certified.
Tiszaújváros is located slightly more than 170 km from the country's capital Budapest.