MBA Polymers gets investment injection

PRW

Published: January 24, 2014 12:59 pm ET
Updated: January 24, 2014 1:02 pm ET

Related to this story

Topics Sustainability, Materials Suppliers, Europe

Plastics recycler MBA Polymers Inc. has announced what it called a "multi-million pound" investment to expand its operations in Worksop, England.

The unspecified sum has been injected into the business by the company's nine investors and joint partners, who include a number of investment firms and recycling businesses.

Nigel Hunton, MBA Polymer's chief executive, said the injection of funds was "a sign of real confidence in our business going forward."

The new money would enable the group to complete improvements, enhance operational performance and extend capacity at its Worksop plant.

Hunton said the company would see an increased amount of shredded plastic waste from cars, thanks to the coming on-stream of a new plant run by its partner, European Metal Recycling Ltd.

The result would mean MBA getting more raw material for its end product of recycled plastic, Hunton said.

"Taking these moves together, we expect that during the year we will be able to expand production, increase efficiency and expand capacity.

"2014 is looking very positive for MBA Polymers with some great opportunities in front of us," he added.

MBA is based in Richmond, Calif., although the firm has announced plans to move the headquarters to Worksop. Though based in the United States, most of MBA's work has been done overseas. The company also has reprocessing plants in Austria and China.


Comments

MBA Polymers gets investment injection

PRW

Published: January 24, 2014 12:59 pm ET
Updated: January 24, 2014 1:02 pm ET

Post Your Comments


Back to story


More stories

Image

Pactiv selling building products unit to Ireland's Kingspan

August 19, 2014 3:54 pm ET

Irish building material manufacturer Kingspan Group plc is acquiring the insulation business of Lake Forest, Ill.-based Pactiv Building Products for...    More

Image

Flexible film waste-to-oil pilot project continuing in California

August 19, 2014 3:19 pm ET

A recent decision to discontinue operations at a plastics waste-to-oil site in Portland, Ore., is not impacting a pilot program aimed at hard-to-...    More

Image

Germany's Bolta building $50 million plating plant in Alabama

August 19, 2014 2:21 pm ET

A German company is setting up a plastics chrome plating plant in Tuscaloosa, Ala.    More

Image

ISO publishes international standard for measuring phthalates in toys

August 19, 2014 10:40 am ET

The Geneva-based International Organization for Standardization (ISO) has published an international standard on phthalates used as plasticizers in...    More

Image

RTP expands very long fiber thermoplastic production to Mexico

August 19, 2014 9:47 am ET

RTP Co. has introduced very long fiber reinforced compounds at its Monterrey, Mexico, facility.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events