Guanwei will convert the plastic waste into recycled LDPE at ‘s Fuqing City clean tech facilities, which are audited by TUeV Rheinland Cert to ensure compliance with Germany’s pollution and environmental standards.
The purchase agreement with Sunshine Handels & Consulting, is a part of Guanwei’s business strategy to facilitate an assured long term European raw material supply for maintaining its growth and quality and pricing edge over its competitors.
Chen Min, chairman and CEO of Guanwei Recycling, said: “We are extremely pleased to enter into this agreement with Sunshine Handels and Consulting, a European supplier of high quality waste, and look forward to a long and mutually prosperous relationship.”
“We will continue to work hard to grow our supplier relationships and to maintain the highest possible ‘green’ standards in all phases of our operations. We fully anticipate maintaining our industry leadership in this regard and building on the success we have achieved to date in the world’s largest recycling market.”
