RCS Group acquires stake in Croatian PET waste recycler Rekis

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Germany's RCS Group has acquired a stake in Croatian PET waste recycling company Rekis, as per company.The group announced that the acquisition will strengthen RCS's European network and expand its expertise in plastic bottle recycling technologies. The parties did not disclose details of the transaction.Rekis, located in Donja Dubrava, Croatia, is a joint venture between Austrian beverage manufacturer Steinrieser and the Austrian-Croatian company KIS Pica. The plant utilizes a comprehensive process including sorting, shredding, hot washing, and pelletizing using Erema's Vacunite system. It produces approximately 15,000 tons of recycled PET (rPET) pellets annually, primarily used for preform and bottle production.Over the past ten years, RCS Group has transformed itself from a simple waste management company into a major European player in plastic recycling. It currently operates two facilities in Werne, Germany. These plants supply beverage manufacturers with both food-grade and non-food-grade rPET. A third plant in Nordkirchen is under construction. Its annual recycling capacity is over 70,000 tons.It was previously reported that Indorama and Varun Beverages will build two PET recycling plants in India.mrchub.com

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