Turkey-based AKO Group plans to construct a $30 million integrated tire recycling plant in Ankara, Turkey. AKO Group produces tires, car batteries and wheel rims.
According to an AKO Group news release, the integrated facility will transform about one-fourth of the 350,000 tons of waste tires generated annually in Turkey into quality raw materials. The company reports that the new facility will also reduce the country’s dependence of on importing recycled rubber.
“This investment will contribute to the current account deficit of our country with the production of raw materials obtained by the enterprises in our country as well as the domestic market,” the company reports in a news release.
AKO Group’s new facility will also contribute to Turkey’s zero-waste project, which aims to reduce the amount of waste not recycled.
The company plans to open the facility in 2020. AKO Group reports that the new tire recycling facility will span more than 100,000 square meters (about 1.08 million square feet).