REGAIN Polymers, one of the UK’s leading plastics recycling companies based in Castleford West Yorkshire, recently announced ambitious growth plans backed by a £1m-plus investment in additional capacity and the acquisition of a competitor.
The additional capacity involves the purchase of a state-of-the-art twin screw extruder, to be installed at the Castleford plant in March 2012. The new line will increase extrusion capacity by 40% to over 45,000 Tonnes per annum.
To further support its growth and future plans, the business has also acquired Express Recycling & Plastics Ltd of Rainham, Essex, a recycler specialising in the separation and reprocessing of rigid end of life plastics. The increased geographic market spread this acquisition brings to REGAIN will greatly improve its ability to attract raw materials for both recycling plants. Express Recycling & Plastics Ltd has been renamed Regain Recycling & Plastics Ltd.
Speaking of the new acquisition, Ian Porter Managing Director of Regain Polymers said: “We are actively seeking opportunities to expand our business and this new venture will increase both our capabilities and capacity to supply the market.”
Mark Roberts, Technical Sales Director stated: “We believe this combination of investments to be one of the most significant developments in the UK recycling market for many years. Our strategy is one of growth, and these investments will give us both the technology and capacity needed to ensure that we are well placed to achieve this in 2012”.