Developer and producer of plastics recycling systems, EREMA, has announced a record turnover of €115 million (£83 million) for the 2014/15 fiscal year.
The Austrian company says this is a 21 percent increase on the previous year’s figures and brings the turnover of the EREMA Group as a whole, which incorporates EREMA, Pure Loop and 3S, to €130 million (£96 million).
"This growth is due primarily to the new INTAREMA plant generation and confirms that this innovation represents an attractive technology for customers," commented EREMA’s CEO, Manfred Hackl.
Sales of the INTAREMA recycling system, which was launched to the market at K2013, now total 245. “Thanks to Counter Current technology, INTAREMA is exceptionally flexible and productive," continued Hackl. “The system adapts in an optimum way to the broad spectrum of recycling applications which means that demand is constantly high.”
EREMA announced its continuing expansion at the beginning of 2015, with the foundation of its new sister company, Pure Loop, which was established to develop the Group’s shredder-extruder technology, allowing the main EREMA brand to intensify its range of services in the field of in-house recycling.
The Group says the next phase of the expansion will be in North America, where EREMA’s US subsidiary is more than doubling the size of its trial centre due to high demand, in particular from the post-consumer recycling sector. The trial centre at the company's head office in Ipswich, Massachusetts, will be extended to 2,400 m² in total featuring four recycling systems for test runs. The expansion is scheduled for completion in late summer 2015.
Sister company, 3S, has also expanded in the 2014/15 financial year with a premises expansion and increase in employee numbers.