Dutch-based recycled plastic manufacturer AKG Kunststof Groep has been purchased by multinational environmental services company Veolia. AKG are a significant player in the European recycled plastics market selling 37,000 tonnes of material with revenues of around £25 million in 2014.
Broadly, AKG are a specialist manufacturer of polypropylene granulates, which are sold directly to plastic product manufacturers. Veolia has stated its intention to make the company a cornerstone of an expansion into the recycled materials market.
The news is perhaps made more interesting because of its place in the broader context. Circulate has previously featured articles the topic of the secondary raw materials marketplace and the challenges it faces in the context of low oil prices. It’s clear that major players in the European energy and resource management sector, like Veolia, are still interested in investment in the area of recycled materials.
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