Morssinkhof buys Netherlands PET processing plant

16 September 2008 12:14  [Source: ICIS news]

LONDON (ICIS news)--Netherlands-based Morssinkhof Rymoplast has acquired a post-condensation plant in Emmen for making recycled polyethylene terephthalate (PET) from Diolen Industrial Fibers, the company said on Tuesday.

 

The 60,000 tonne/year plant acted as the last stage in Morssinkhof’s PET recycling process - crystallisation and super cleaning, it said.

 

No financial details were disclosed.

 

The deal came after polyester yarns producer Diolen Industrial Fibers filed for bankruptcy in July.  

 

“With Diolen, the management 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,” Morssinkhof said.

By: Mark Watts
+44 20 8652 3214

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