MTM Plastics GmbH, which produces recycled polyolefins from mixed plastic waste, is planning to invest 8 million euros ($9.2 million) to expand its production facilities in Niedergebra, Germany by the end of 2016.
The company states that around 20 new jobs will be created. Two new production halls, expected to be completed by the end of February 2015, and two new halls will extend its granulate warehouse.
MTM will then concentrate on expanding its production area by 20,000 square meters. The company currently produces 30,000 metric tons of granulate in Niedergebra with a workforce of 88. By late 2016, those numbers should grow to around 110 employees and an output of nearly 40,000 metric tons.
Looking to the future, MTM says that within the next five years, it plans to build a second plant at a new location because its site in Niedergebra will no longer be large enough.