Plastic recycler Nordic Plast invests €2.8 million in modernization and development

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17.01.2023

Nordic Plast, one of the leading polyethylene (PE) and polypropylene (PP) recyclers in the Baltics, belonging to Eco Baltia, the largest Baltic environmental and waste management group, has invested €2.8 million into a new sorting line. The new line is automated and provides high-precision pre-sorting and purification of raw materials which will all lead to an upwards of 30% increase in Nordic Plast’s recycling capacities and provide a significant boost to production quality and efficiency.

“Our main goal is to ensure the highest possible plastic packaging recycling rate and quality, thus replacing virgin materials used in packaging. So far, our packaging sorting operations depended quite largely on manual work, which, although ensures high quality, limits faster increase in production capacities. Thanks to the new automated line, our production capacities will increase up to 300 tons or 30% monthly. Furthermore, this investment will help us to build up both efficiency and our international competitiveness, and help ensure a consistent flow of production of the highest quality production for our customers”, explains Andris Trumars, Director of Nordic Plast.

The new equipment is intended for processing materials of various purity, thus also promoting recycling of more difficult to work with packaging streams which have been lagging behind in the industry thus far. With this investment, Nordic Plast will further strengthen its contribution towards the fulfilment of the plastic packaging recycling goals imposed in the European Union which are set to raise the recycling level from the current 22% to 50% of the total volume of the marketed plastic packaging by 2025.

“Eco Baltia’s mission is to find value in things that others already consider unnecessary. That’s why we treat waste as a resource to create new materials and promote circular economy. Therefore, we are constantly developing options to recycle a wider range of packaging and other materials. Investments in the modernisation of Nordic Plast is a significant step to achieve this goal and creates foundation for the development of new recycled products. In parallel, we are continuing our work on other major development projects, providing significant investments in the improvement of efficiency and competitiveness of Eco Baltia group companies which prove themselves more and more convincingly beyond the regional level, contributing to the sustainability of the whole Europe”, stresses Māris Simanovičs, Chairman of the Management Board at Eco Baltia.

According to Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund and Chairman of the Supervisory Board of Eco Baltia, the Fund's strategy is to grow all of its portfolio companies both through add-on acquisitions as well as organically.

"The investment in Nordic Plast’s capacity increase is a great example of this," says Plunksnis.

Investments in creation of the new Nordic Plast line are partially covered by using the funds received from the European Union fund project “Polymer Recycling Park of the SIA “Nordic Plast”” (No.5.2.1.2/17/A/005).

Pictures of Nordic Plast’s new sorting line: https://failiem.lv/u/cmrxzvmqm

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Phone: +371 25726502

Eco Baltija group. Read more www.ecobaltija.lv