Aloxe invests €50 million to become an independent European leader in recycled PET
Aloxe announces €50 million investments in PET recycling in the three countries where it is already established, France, Poland, and Italy. With 120,000 tons of capacity in Europe, Aloxe claims to become the independent European leader in recycled PET.
The investment includes the opening of a new plant in France in April 2023 with a capacity of 35,000 tons, with an additional capacity of 20,000 tons already planned. In addition the company invests in the development of its capacity in Poland with an additional 40,000 tons of extrusion capacity starting spring 2024 as well as a ramp-up of its Italian plant.
After the acquisition of Loreco Plast Recyclage (France) in 2021 and Elcen (Poland) in August 2022, Aloxe has just completed a third acquisition in Italy.
In a market driven by European regulation, the needs of the beverage industry are tremendous, states Aloxe. A sizeable challenge that Aloxe now intends to meet, with production sites in France, Poland and Italy, head-on to respond to this growing demand.
“We aim to partner with leading FMCG’s and plastic packaging manufacturing companies to supply them with high-quality recycled PET; we will continue to work to support them achieve their ambitious sustainable packaging goals” said Arnaud Piroëlle, Aloxe’s Executive Director.
The company draws on more than 20 years’ worth of expertise in recycling and produces food-grade recycled PET. Aloxe supplies high-quality resins and large volumes for sustainable packaging markets such as food & beverages, cosmetics, and pharmaceuticals.
