Mpact was venturing into plastic recycling with plans to build a plant for R350 million in partnership with the Industrial Development Corporation (IDC), the listed packaging group announced yesterday. The plastic recycling plant will process about 29 000 tons of polyethylene terephthalate (PET) bottles a year, generating 21 000 tons of new raw material directly from waste material that would otherwise be sent to landfill sites. Dirk van Vlaanderen comments on the company’s results.
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