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ReMat invests HUF 311 mln at recycling base in NE Hungary

Recycling company ReMat is investing HUF 311 million at its base in Tiszaujvaros (NE Hungary), the company told MTI on Tuesday.

The biggest part of the investment, at HUF 170 million, is a new regranulator line with annual capacity of 660 tonnes. ReMat won a HUF 155 million grant for the project.

ReMat recycles about 1,000 tonnes of plastic waste each month. It had unconsolidated revenue of HUF 2.2 billion in 2010.