The company plans to invest in technologies for packaging production and plastic material recycling.
Financing for the two projects will be covered by the company’s own sources, approximately EUR2.25 million, and by investment loans, Romcarbon said in a statement Thursday.
A part of the investment – EUR4 million- will be used for plastic waste sorting, washing and processing. The second investment indirectly targets recycling as well, the company also said.
The EUR6.5 million projects add to the EUR8.5 million invested by the company in a new plastic material compounds factory in 2012.
Romcarbon’s main shareholder is Living Plastic Industry, with a 32.85% stake. Other shareholders include Joyful River (20.51%) and Romanian Opportunities Fund (14.24%).