Acquisition of Austrian recycler Ecoplast / Capacity expansion for rPE in Austria
Borealis has signed an agreement to acquire Austrian plastics recycler Ecoplast Kunststoffrecycling. Financial terms of the deal, which remains subject to regulatory approvals, were not disclosed. Ecoplast processes about 35,000 t/y of post-consumer plastic waste into rLDPE and rHDPE, primarily but not exclusively for the plastic films market. With its EUR 10m investment in washing and extrusion lines, the company will increase its output to 60,000 t/y by 2019, said managing director Lukas Intemann,... (20.07.2018)