Krones Recycling spun off as independent company

Krones Recycling has commenced business operations, parting from Krones as its own company headquartered in Flesnburg, Germany.

The company will take over all activities relating to plastics recycling, but will continue to utilise Krones’ global production, sales and service network.

The company said that the demand for recycled plastics is “increasing rapidly” and with 30 years in plastics processing and 25 in recycling, Krones felt it was the right move to expand.

Krones CEO, Christoph Klenk, said: “The spin-off will enable Krones Recycling to develop faster and in line with market requirements. Because in line with our claim ‘Solutions beyond tomorrow’, this division makes a decisive contribution to protecting the environment by returning plastic waste to the value-added cycle.”

‘Flexibility and scope’

Michael Gotsche, managing director of Krones Recycling, added: “The newly founded company offers us the necessary flexibility and scope for action to be able to implement decisions in a customer-oriented, fast and optimised manner.”

A large number of plastics such as PET, PE, PP and PS are already said to be being processed on Krones Recycling’s lines worldwide. “Our vision is to make a daily contribution to a global circular economy for all plastics by offering our customers sustainable and profitable recycling solutions,” said Gotsche.

There is also a clear marker in relation to Krones’ sustainability targets: at least 30% of the plastics processed on Krones lines are to be returned to the cycle as a recycled resource.

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