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JSC “PET Baltija”: Highest recycling volumes in the company’s history

Riga, Latvia

In 2019, the JSC “PET Baltija”, Latvian PET bottle recycling company, which is a part of “Eco Baltia grupa”, reached the highest recycling volumes in the company’s history. Purposefully working on the efficiency and productivity improvements, last year the JSC (AS) “PET Baltija” recycled 40,895 tons of PET bottles, representing 7% over the indicator of 2018, when the volume accounted for 38,075 tons. The company exports the end products in the volume of nearly 100%.

Māris Simanovičs, Chairman of the Board of “Eco Baltia grupa”: “The year of 2019 was rich in challenges for the European recycled raw material producers. It was determined both by drop in oil prices, which directly affected the market price level of recycled raw materials, and by the process of conclusion of the US and China Trade Agreement. However, investments in productivity and efficiency helped the JSC “PET Baltija” to strengthen its positions as the leading polymer material recycler in the Baltic States and retain its market shares in Europe. However, this year, in light of the rapid drop in oil prices and downtime of economics in a number of the European countries, will be a complicated one for the recycled raw material producers. Therefore, it is important that the support instruments for exporters are well-considered and help retain both the production volumes and jobs.”

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