GreenWEEE International, the market leader in the recycling of waste electrical and electronic equipment (WEEE), announces new investment plans in its third recycling plant.
The company, present in Buzău since 2009 and in Câmpia Turzii since 2017, member of Green Group, continues its development strategy by building a new factory and purchasing the most advanced facilities for recycling electrical and electronic equipment, with a value of investment of EUR 10 million.
The new plant will be located in Buzau, on the Frasinu industrial platform, construction will start early next year. The unit will be fully operational in the fourth quarter of 2022. At the completion of the project, GreenWEEE will have over 325 employees in Romania, and the total capacity of recycling will increase by 30%, adding up the operations of the other two existing factories.
The project, which will be financed by OTP Bank Romania under an existing syndicated loan, is the latest in a series of significant strategic investments, as part of GreenWEEE’s commitment to stimulate a sustainable economic model, in line with EU aspirations. makes the transition to a circular economy with a major impact in combating climate change.
“Since 2009 we have been committed to paving the way for the creation of a strong national circular economy, by recycling waste electrical and electronic equipment, and the resulting fractions to be used as secondary raw materials in various industries. This new factory highlights the strategy of our group, namely the continuous growth of the business through investments in a greener future, through the acquisition of new and modern technologies, while contributing to the reduction of pollution and the maintenance of materials in use,” said Marius Costache, CEO of GreenWEEE.
“In the European Union, the Circular Economy is correlated with 300-380 billion euros of GDP, while in Romania there is a discussion about a substantial need to move in this direction. The benefits of transitioning to a circular development model are linked to growth, employment, investment, all of which generate long-term sustainable growth. In this context, we appreciate GreenWEEE’s efforts to stimulate a sustainable economic model, in line with EU aspirations, and remain a reliable financial partner in supporting a strong and high-impact business in the society in which we live,” said Gyula Fatér, General Manager of OTP Bank Romania.