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Tuesday, 31 July 2018

Indorama acquires plastic recycling company in France

Indorama Ventures Public Company Limited (IVL) has entered into an agreement to acquire Sorepla Industrie SA, a plastics recycling facility in France. Founded in 1991, Sorepla Industrie is one of the largest recyclers in Europe.
The facility consists of three production lines; recycled polyethylene terephthalate (rPET), recycled high-density polyethylene (rHDPE) and food-grade pellets, with a combined capacity of 52,000 tonnes/annum.
Regardless of the fluctuations in the quality of post-consumer feedstock, Sorepla can offer consistently high quality recycled PET material that meet customers’ specific needs in packaging and fibres. The company employs a total of 58 employees.
This acquisition is strategically in line with the company’s objectives of long-term sustainability. The addition of Sorepla will further solidify IVL’s position as one of the leaders in recycling in Europe and opens up new opportunities to serve increasing demand for food grade rPET.

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