After announcing in late January 2014 that it had received a “significant financial injection” from investors (see Plasteurope.com of 28.01.2014), UK plastics recycler MBA Polymers (Worksop; www.mbapolymers.co.uk) has now specified that the “multi-million pound” cash funds will be used to raise capacity at its plant in Worksop by 40% to 50,000 t/y recyclate by December. The investment will also see MBA Polymers hire 14 new employees and extend its operating times from five to seven days each week.

Company CEO Nigel Hunton said with regard to improving its performance, MBA would use the money to add new blending equipment to cross-blend finished products, while simultaneously purifying its byproducts, thereby raising material value. He added, “As manufacturers seek to tackle raw material price volatility and reduce their carbon footprints, it's vital that we increase the volume of high quality secondary raw materials in the marketplace. Keeping materials in use for as long as possible also supports the development of a resource efficient, profitable circular economy."

MBA Polymers specialises in the production of post-consumer ABS, HIPS and PP resins that are used in the E&E, appliances, consumer goods, construction and automotive sectors. Its portfolio is sold under the "EvoSource" trade mark.