Plastics recycler says infusion of capital will allow it to expand its U.K. plant.
U.S.-based plastics recycling company MBA Polymers says it has received a significant financial investment that will allow it to expand its operations in Worksop, United Kingdom.
Nigel Hunton, CEO of MBA Polymers, says, “This is a sign of real confidence in our business going forward, and this new funding will enable us to complete improvements which will enhance operational performance and expand capacity at our U.K. plant at Worksop.”
Along with the investment, MBA says it expects to see an increase in shredded plastic scrap derived from automobiles shredded at EMR’s new facility coming online near Birmingham, U.K. The company says that when fully operational, EMR’s shredding plant will be the largest recycling plant in the U.K. Shredded plastic produced at the new plant will be sent to MBA’s Worksop location for further processing.
“Taking these moves together, we expect that during the year we will be able to expand production, increase efficiency and expand capacity,” says Hunton. “2014 is looking very positive for MBA Polymers with some great opportunities in front of us.”
When the expansion is complete, he plant will be able to handle around 80,000 metric tons of plastic scrap per year. MBA will process a range of industrially generated grades of plastics such as ASR, ESR, MW and CA.
MBA Polymers produces post-consumer recycled plastics from end-of-life products. EMR, headquartered in the U.K., operates scrap metal recycling facilities in several parts of the world.