PLASTIMAGEN '19: DAK closes on purchase of recycler

Source: ICIS News


MEXICO CITY (ICIS)--Polyethylene terephthalate (PET) producer Alpek said this week that it has closed on the purchase of a recycling plant in Indiana.

Speaking on the sidelines of the PLASTIMAGEN MEXICO 2019 conference here this week, a spokesman said DAK Americas closed on the purchase of Perpetual Recycling Solutions in Richmond, Indiana, on 31 January.

In January, Alpek announced the purchase of the plant, which has a capacity of 45,000 tonnes/year of high-quality recycled PET (R-PET) flakes.

Alpek is a subsidiary of ALFA, SAB de CV, a Mexican corporation.

PET is a resin mainly used in the production of water bottles and soft-drink packaging.

PLASTIMAGEN MEXICO 2019 takes place on 2-5 April in Mexico City, Mexico.