Technonicol Corporation, a Moscow-based manufacturer of roofing, waterproofing, and thermal insulation materials, has acquired a plastics recycling factory from Ecopartners, a Russia-based plastics recycler.
The parties did not disclose the terms of the deal.
The asset in question is a 25,000 tonnes/year PET, HDPE, LDPE, and PP recycling plant in Tver, a Russian city north-west of Moscow. Ecopartners says the Tver Polymers Recycling Plant (TPRP) is the largest plastics recycling plant in Russia by recycled volume.
TPRP includes three lines for processing PET bottles into flakes, two lines for recycling PET waste into re-granulate, and a line for the production of PET packaging tape. The plant processes over 80 million plastic bottles a month and occupies an area of over 52,000 square metres.
Technonicol plans to allocate about RUB 700 million (€6.8 million) to expand annual capacity to up to 30,000 tonnes of PET and up to 10,000 tonnes of HDPE granulate in the coming years.
Part of the finished products from the plant in Tver will be used to provide raw materials for Technonicol's own production of PET fiber, and the rest will be sold to the packaging industry, Technonicol said in a statement.
TPRP will be integrated into Technonicol’s business operations starting September 2024, which completion expected sometime in 2025.