GreenFiber International invests EUR 35 M to open its third plant in Romania

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GreenFiber International, part of Green Group, the largest integrated recycling park in South-Eastern Europe, invests EUR 35 million from private funds, in its third production plant for synthetic fibers made out of 100 percent recycled PET in Romania, to become the biggest European producer on this segment.

With a total production capacity of 30,000 tons/year of synthetic, the new plant will be located in Urziceni, Ialomita county, near Bucharest, following the buying of ROFEP property, a press release informs. The new plant is estimated to be operational in the first quarter of 2017.

Furthermore, the company is planning a new investment to double the Urziceni capacity by 2018. Adding also Buzau and Iasi, the national production capacity of GreenFiber will be 113,000 tons/year in the final stage of development.

The new Urziceni plant will have continuous activity throughout the year, organized in two shifts, creating new jobs for Urziceni residents and those from neighbor cities. At the end of the project, the total number of GreenFiber employees in Romania will exceed 1000.

“In 2013 – 2015, we invested EUR 23 million, part of which was to create a functional collection infrastructure in Romania and grow the clean PET collection volumes, while the other was to increase the operational capacities for the lines processing PET bottles prior to reaching our GreenFiber factories”, Clement Hung, CEO of Green Group companies stated.

Within the production process in GreenFiber, PET flakes resulted from the sorting, crushing and washing of PET bottles, are melted into thin threads and transformed into synthetic fibers, an output resembling natural wool. For the new production sites to work at full capacity, 162,000 tons/year of PET bottles will have to be processed, which is more than the total amount of PET put annually on the Romanian market.

“GreenFiber is well equipped to face strong competition from long established producers, mostly from Asia, but in order to stay competitive we need to secure premium quality of fiber, made out of clean PET bottles. With last year’s investment in SIGUREC collection infrastructure, we now have 161 fixed and mobile collection points in 36 cities in Romania and we see a 10 percent monthly increase in collection. However, considering the poor collection infrastructure in Romania and insufficient quantities reaching GreenFiber, we are already importing 55 percent of resources from European markets, and we are taking in consideration to invest in Middle Eastern countries in order to bridge the gap of the supply from Europe”, Hung added.

GreenFiber products are sold primarily on external markets, such as Germany, Italy, Denmark, Czech Republic, Belgium, Slovenia, Turkey and Hungary.

GreenFiber’s first plant on the Romanian market was launched in 2005 in Buzau, followed by another one in Iasi, in 2007, which was built on the site of the old Terom Iasi, once one of the biggest European virgin fibers producers. GreenFiber, the new industry that was formed in place of Terom has ten times the production capacity, while at the same time, making the leap to a new age, where natural resources as supplies were replaced with waste as renewable resources

Future plans for GreenFiber include investments in new production sites in Romania, with the aim to become world’s number one producer for synthetic recycled fibers.

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