PET Bottle Recycling Firm in Argentina Acquired by DAK Americas

Charlotte, North Carolina based polymer manufacturer, DAK Americas, has acquired Argentinian PET bottle recycling firm, CabelmaPET to boost its product sustainability. The company added that the move will also improve its trade balance, while offering customers increased production efficiency and environmental responsibility The PET bottle recycling operation is located in Pacheco, Buenos Aires and produces food-grade recycled raw materials from PET bottles. The facility currently recycles over 16,000 tonnes per year of waste PET bottles, which DAK said should significantly increase the sustainability of its product line, as well as, help customers streamline their processes. DAK currently produces over 190,000 tonnes of virgin PET resin at its facility in Zarate and plans to integrate the post-consumer recycled material from the acquired facility into its manufacturing process upon completion of process upgrades. The new integrated product offerings that it will market as a single-pellet solution under DAK's Laser+® brand of PET Resins. The company said that the ability to incorporate recycled PET material directly into its operations is expected to benefit customers in the bottling and packaging industries by supplying a single-pellet solution with a specified recycle content, eliminating the need for customers to establish duplicate feed processes and blending processes to accommodate recycled materials into their respective product lines. Terms and conditions of the acquisition were not disclosed. The acquisition will be subject to post-closing review by Argentina's antitrust authorities. Approximately 100 employees associated with CabelmaPET’s recycling operations are part of the acquisition. Cabelma S.A., a manufacturer of plastic-crates, is not included in the acquisition. Read More Trash Talking: Pondering Plastics If allowed to enter the environment, waste plastics have the potential to leach toxic substances to land and sea, and pose a significant threat to wildlife. However, over recent decades the use of plastics has snowballed. WMW asked a number of industry experts how the recycling rate for waste plastics can be increased? Official Opening for Sims Huge New York Recycling Facility – Largest in U.S. Sims Municipal Recycling has offically opened its huge $110 million Material Recycling Facility in New Work City, the largest in the U.S. £1m Investment in Optical Sorting at Viridor Polymer Recycling Facility in UK Viridor has invested over £1million in a new flake optical sorting station on the HDPE line of its polymer recycling facility in Skelmersdale.