MOSCOW (MRC) -- BEWI ASA has acquired 51% of Volker Gruppe, is a trader of compacted and recycled material. It operates two facilities in the UK and Scotland, where they compact material, and leases compactors to customers, said the company.
Volker Gruppe is one of the largest suppliers of EPS waste to BEWI Circular, with an annual collection of approximately 6,000 tonnes of EPS, in addition to several other types of waste streams, including LDPE, HDPE, WEEE, OCC and Paper. The company trades and processes around 25,000 tonnes of plastics and paper per year globally.
“This is a strategically important acquisition to us. Through Volker, we secure streams of collected material for recycling, bringing us closer to our target of becoming a circular company. It also provides us with a platform for further consolidation in the UK,” says Henrik Ekvall, Managing Director of BEWI Circular.
BEWI has a future option to acquire the remaining 49% of the shares in Volker Gruppe.
As per MRC, BEWI Synbra completed scheduled maintenance at its expanded polystyrene production facility in Porvoo (Porvoo, Finland). BEWI Synbra closed the plant consisting of two lines with a total capacity of 110,000 tonnes of EPS per year for scheduled repairs in early March. The renovation work was completed on 18 March.
According to the MRC's ScanPlast, the total estimated consumption of EPS in August increased by 15% compared to August last year and amounted to 11,650 tonnes. The total production volume of EPS for the reporting month amounted to 8,770 tonnes, a decrease in comparison with August last year amounted to 8%.
BEWI is an international provider of packaging, components, and insulation solutions. The company’s commitment to sustainability is integrated throughout the value chain, from production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy. BEWI ASA is listed at the Oslo Bors under ticker BEWI.
MRC