| GREENTECH ANNOUNCES NEW INVESTMENT AT ENVIRONMENTAL PROTECTION AND NATURAL RESOURCES FAIR - ECOFAIR 2012 |
 GREENTECH announced new investment in the Vacurema based "bottle to bottle" post-consumer PET packaging recycling facility at Environmental Protection and Natural Resources Fair – ECOFAIR in Belgrade, Serbia.GREENTECH Novi Sad participated for the fifth time at the traditionally mid-October held ECOFAIR at the Belgrade Fair. GREENTECH made the most of its presence at Serbia’s most prestigious environmental protection Fair events for bilateral meetings with business partners as well as for promoting new investment. Construction of brand new production facility housing Vacurema based "bottle to bottle" technology for post-consumer PET packaging recycling is set for the first half of the 2013. Realization of the EUR5 mn investment will secure the construction of Serbian first facility to produce RPET pellets, technologically most advanced final recycling product, utilizing post-consumer PET bottles. RPET pellets are used as a part substitute for the virgin PET pellets utilized for PET preforms production, enabling producers to reduce costs, increase energy efficiency as well as directly impact the environmental protection. The new factory will create 50 new jobs. |
