GreenFiber International Invests €35 Million for New Synthetic Recycled Fibers Plant in Romania

Specifications:

Name:

GreenFiber International Invests €35 Million for New Synthetic Recycled Fibers Plant in Romania

Location:

Romania

Company:

GreenFiber International

Estimated Cost:

€35 Million

Source:

greenfiber.ro

Introduction:
GreenFiber International, part of Green Group, the largest integrated recycling park in South-Eastern Europe, invests 35 million EUR in its third production plant for synthetic fibers made out of 100% recycled PET in Romania.

Features:
With a total production capacity of 30,000 tons/year of synthetic, the new plant will be located in Urziceni, following the buying of ROFEP property. The new plant is estimated to be operational in the first quarter of 2017. Furthermore, the company is planning a new investment to double the Urziceni capacity by 2018. Adding also Buzau and Iasi, the national production capacity of GreenFiber will be 113,000 tons/year in the final stage of development.

The new Urziceni plant will have continuous activity throughout the year, organized in two shifts, creating new jobs for Urziceni residents and those from neighbor cities. At the end of the project, the total number of GreenFiber employees in Romania will exceed 1000.

Within the production process in GreenFiber, PET flakes resulted from the sorting, crushing and washing of PET bottles, are melted into thin threads and transformed into synthetic fibers, an output resembling natural wool. For the new production sites to work at full capacity, 162,000 tons/year of PET bottles will have to be processed, which is more than the total amount of PET put annually on the Romanian market.