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Definition and development of functional barriers for the use of recycled materials in multilayer food packaging

TECHNOLOGICAL WATCH

Type of information: NEWS

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Acquisition of the French recycling firm Sorepla / Food-grade rPET a focus

Acquisition of the French recycling firm Sorepla / Food-grade rPET a focusPET giant Indorama Ventures (IVL, Bangkok / Thailand; www.indoramaventures.com) is strengthening its recycling business. The Thai company is taking over French recycler Sorepla (Neufchâteau; www.sorepla.com) for an undisclosed sum. At its main plant, the French company has 58 employees and operates three lines for rPET, rHDPE as well as food-grade rPET. According to Indorama, Sorepla's combined capacity is 52,000 t/y, making it one of the leading companies in the European recycling market.

Indorama took over then leading PET recycler Wellmann in 2011 ? see Plasteurope.com of 23.09.2011 ? and has a processing plant in Verdun / France, in addition to plants in Ireland and the Netherlands. The Thai group is expecting benefits from synergies of management and the supply chain.

Sorepla's food-contact grades are a focus of the PET giant, which expects demand to grow 7% per year to 2021 in Western Europe. CEO Aloke Lohia says Indorama should play a key role in this.

Sorepla was facing problems in 2016 because of the low price of oil, which had significantly decreased earnings as well as plastics recycling yields ? see Plasteurope.com of 18.04.2016. According to French sources, a medium-term recovery plan was put in place in spring 2017.01.08.2018 Plasteurope.com [240324-0]

» Publication Date: 01/08/2018

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This project has received funding from the European Union’s Seventh Framework Programme for Research, technological development and demonstration (FP7/2007-2013) under grant agreement n° [606572].

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