Morssinkhof Rymoplast acquires post-condensation plant of Diolen Industrial Fibers

Morssinkhof Plastics Zeewolde B.V. announces that it has acquired the post-condensation plant of Diolen Industrial Fibres.

Morssinkhof Plastics Zeewolde B.V. (NL) is part of the Morssinkhof Rymoplast group (www.morssinkhofplastics.nl); a leading European mechanical recycler of plastics with a long history dating back to its foundation in 1961. In recent years, the company has substantially grown among others by setting up new facilities in Torún (PL) and Laar (D) in 2006 and 2008.

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One of the business activities of Morssinkhof Plastics is the production of a Food Approved R-PET called MOPET-A, which is used by numerous European producers of PET preforms and sheet. Moreover Morssinkhof Plastics produces a wide range of specialty PET compounds for various industries. In order to guarantee the continuity and growth of the company in the long term, the company has decided to acquire the post-condensation plant of Diolen Industrial Fibers in Emmen (NL). The Solid State Post-Condensation is the last stage of Morssinkhof Plastics’ PET recycling process and takes care of the crystallisation and super cleaning of the R-PET, while at the same time increasing its intrinsic viscosity.

The post-condensation plant was part of Diolen Industrial Fibers, the producer of high strength specialty polyester yarns, which went into the stage of bankruptcy July 2008. The solid state postcondensation plant with an annual capacity of 60.000 tons, will continue under the name Morssinkhof Plastics Emmen B.V.. The plant will take care of the post-condensation of the PET regranulates & compounds of it’s sister company. Moreover will Morssinkhof Plastics Emmen B.V. offer its services to companies who are interested in outsourcing the post-condensation of their PET granules, regranulates or specialty compounds. With Diolen, the management of Morssinkhof Rymoplast is confident that it is able to realise its growth ambitions and further strengthen its market position as one of Europe’s main PET recyclers.

About Morssinkhof Rymoplast
Morssinkhof Rymoplast is a leading European mechanical recycler, with its head office in Lichtenvoorde (NL). The company has two business lines of recycling. Morssinkhof Plastics is specialized in processing specific hard plastics scraps into high-grade regrind, regranulate or compound. It operates facilities in Lichtenvoorde (NL), Zeewolde (NL)and Laar (D). Rymoplast is specialized in reprocessing LDPE film into high-grade regranulate. It operates facilities in Lichtenvoorde (NL), Lommel (B) and Torún (PL). The company will process approximately 120.000 tons of plastics in 2008.

Morssinkhof Rymoplast, Lichtenvoorde, Netherlands

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