Austria-based recycling technology company Erema has announced it saw record sales of €122m in 2015, up 5% on 2014's sales.
The consolidated sales for Erema, Pure Loop and 3S together was €132m in 2015.
Erema says that despite the past year being economically and politically challenging due to low oil prices, it has remained committed to increasing the quality of recyclates and it has recorded increasing demand especially in the post-consumer sector.
Manfred Hackl, CEO at Erema said: "This increase in turnover shows us that we are on the right track with our technology – recyclers are turning more and more into producers of raw material who can be successful with recyclates which are customised for the end application. Besides quality, we are fully focused on our customers. Our systems are designed with precision for the specific requirements of our customers and optimised for the respective application."
Hackl was keen to point out the general move in the plastics industry towards recycling and said that Erema will be focusing on Industry 4.0 and associated opportunities at the K show in October.
Erema says it currently has subsidiaries in the US, China and Russia and employs 480 people around the world.