Vanden Recycling is to close a plastic reprocessing facility in Cambridgeshire.
The Hong Kong headquartered firm revealed plans to close the plant in Whittlesey in a bid to focus on other areas of its business.
“Following sustained international expansion and increased demand from manufacturers and converters for tailored feedstock solutions, Vanden is repositioning to better serve its global client base,” said the company in a statement.
It said it had built a business model focused on aligning supply and demand in the market for recycled plastics.
“The company now plays a key role in helping manufacturers and converters access reliable, specification-matched post-consumer recycling feedstock across core materials including PET, PP and HDPE,” it added.
Vanden Recycling UK managing director Kevin Thompson said the Cambridgeshire processing plant had been a “small but important” part of the firm’s story.
“However, it does not offer the opportunity to scale in line with our strategic objectives,” he added. “By redirecting resources to our core trading business, we can concentrate on the areas that offer the greatest growth potential and provide improved service to our key clients.”
A large group of plastic-recycling organisations this month wrote to the president of the European Commission demanding a raft of policy measures to boost the ailing sector.
