Page 44 - Plastics News February 2023

BUSINESS NEWS

Nordic Plast invests €2.8 million in modernization and development
in things that others already consider
unnecessary. That’s why we treat
waste as a resource to create new
materials and promote circular econ-
omy. Therefore, we are constantly
developing options to recycle a wider
range of packaging and other materi-
als. Investments in the modernisation
of Nordic Plast is a significant step to
achieve this goal and creates founda-
tion for the development of new re-
cycled products. In parallel, we are
continuing our work on other major
development projects, providing sig-
nificant investments in the improve-
ment of efficiency and competitive-
ness of Eco Baltia group companies
ordic Plast, one of the leading pacities will increase up to 300 tons which prove themselves more and
Npolyethylene (PE) and polypro- or 30% monthly. Furthermore, this more convincingly beyond the region-
pylene (PP) recyclers in the Baltics, investment will help us to build up al level, contributing to the sustain-
belonging to Eco Baltia, the largest both efficiency and our international ability of the whole Europe”, stresses
Baltic environmental and waste man- competitiveness, and help ensure a MÄris Simanovics, Chairman of the
agement group, has invested €2.8 mil- consistent flow of production of the Management Board at Eco Baltia.
lion into a new sorting line. The new highest quality production for our According to Vytautas Plunksnis, Part-
line is automated and provides high- customers”, explains Andris Trumars, ner at INVL Baltic Sea Growth Fund
precision pre-sorting and purification Director of Nordic Plast. and Chairman of the Supervisory
of raw materials which will all lead to The new equipment Is intended for Board of Eco Baltia, the Fund’s strat-
an upwards of 30% increase in Nor- processing materials of various pu- egy is to grow all of its portfolio com-
dic Plast’s recycling capacities and rity, thus also promoting recycling of panies both through add-on acquisi-
provide a significant boost to produc- more difficult to work with packaging tions as well as organically.
tion quality and efficiency.
streams which have been lagging be- “The investment in Nordic Plast’s ca-
“Our main goal is to ensure the high- hind in the industry thus far. With this pacity increase is a great example of
est possible plastic packaging recy- investment, Nordic Plast will further this,” says Plunksnis.
cling rate and quality, thus replacing strengthen its contribution towards
virgin materials used in packaging. So the fulfilment of the plastic packaging Investments in creation of the new
far, our packaging sorting operations recycling goals imposed in the Euro- Nordic Plast line are partially covered
depended quite largely on manual pean Union which are set to raise the by using the funds received from the
work, which, although ensures high recycling level from the current 22% European Union fund project “Poly-
quality, limits faster increase in pro- to 50% of the total volume of the mer Recycling Park of the SIA “Nordic
duction capacities. Thanks to the new marketed plastic packaging by 2025. Plast” (No.5.2.1.2/17/A/005).
automated line, our production ca-
“Eco Baltia’s mission is to find value

46 PLASTICS NEWS February 2023