Greentech spends 4.5m euros on new facility

The group of Taiwanese shareholders that control Greentech Buzau, the only company in Romania that collects and recycles plastic waste will invest 6 million dollars (4.5 million euros) this year in a facility that makes polyester fibres used in the textile industry. The fibres will be made from the refuse collected by Greentech, largely PET bottles, used as packaging for soft drinks. Greentech’s main shareholder is Living Plastic Industry. The company that will operate the new production facility will be Greenfiber, which has already been incorporated. “We will launch production of polyester fibres early in April, as a result of a 6 million-dollar investment. These fibres are used in the textile industry for clothing or for moquette and will be made from the refuse we will collect. Those used to be exported entirely until now,” Cristinel Dobrota, Greentech’s representative said. At the moment, Greentech collects refuse in form of PET, polyethylene and polypropylene. It plans to expand the range of waste collected, so as to include polystyrene, which is used to make yoghurt containers, as well as PVC. It intends to invest one million euros in expanding operational capacity by 30% and back its waste collection operations. ZF