For this investment, ACC Recycling Systems, majority owned by Elemental Holding, applied for EUR8.4 million non-repayable NRRP funding.
“We are really optimistic about the development of the market in Romania and believe there is a great opportunity on the market for us,” said Slawomir Baran (photo left), head of Merger & Acquisition Department of Elemental Holding, a group with a presence in 35 countries in Europe, US and Middle East.
As far as he knows, the capacity of home appliance recycling in Romania is lower than the demand for it, so Elemental Holding believes the investment here will be a perfect match for the market once operational, the official added.
Slawomir Baran was in Bucharest for a news conference announcing this investment, which is also the Polish group’s first in Romania.
(English version by Loredana Fratila-Cristescu)