In 2019, the JSC \u201cPET Baltija\u201d, Latvian PET bottle recycling company, which is a part of \u201cEco Baltia grupa\u201d, reached the highest recycling volumes in the company\u2019s history. Purposefully working on the efficiency and productivity improvements, last year the JSC (AS) \u201cPET Baltija\u201d recycled 40,895 tons of PET bottles, representing 7% over the indicator of 2018, when the volume accounted for 38,075 tons. The company exports the end products in the volume of nearly 100%.<\/p>\n\n
M\u0101ris Simanovi\u010ds, Chairman of the Board of \u201cEco Baltia grupa\u201d: \u201cThe year of 2019 was rich in challenges for the European recycled raw material producers. It was determined both by drop in oil prices, which directly affected the market price level of recycled raw materials, and by the process of conclusion of the US and China Trade Agreement. However, investments in productivity and efficiency helped the JSC \u201cPET Baltija\u201d to strengthen its positions as the leading polymer material recycler in the Baltic States and retain its market shares in Europe. \nHowever, this year, in light of the rapid drop in oil prices and downtime of economics in a number of the European countries, will be a complicated one for the recycled raw material producers. Therefore, it is important that the support instruments for exporters are wellconsidered and help retain both the production volumes and jobs.\u201d<\/p>\n\n
Thanks to higher production capacities, last year\u2019s turnover of the JSC \u201cPET Baltija\u201d reached 37.22 million euro, representing 7% over the indicators of 2018, when it was 34.70 million euro. Whereas, in light of the low prices of fresh raw materials in the global market, as well as increase in the raw materials purchased by the company and transport costs, the company’s profit accounted for 164.12 thousand euro in 2019 (in 2018, the company\u2019s profit was 1.89 million euro).<\/p>\n\n
Kaspars Fogelmanis, Board Member of the JSC \u201cPET Baltija\u201d: \u201cOur recycled raw materials produced of PET bottles are used by packaging and plastic product producers across the globe, including international brands. In 2019, we reached our highest production volumes so far. However, also this year, despite the crisis, we have continued uninterrupted production process, we\u2019ve been developing production of PET food packaging pellets and working consistently to retain our production volumes also in the field of non-food raw material segment and to be ready for the moment, when Western European automotive industry resumes active manufacturing process.\u201d<\/p>\n\n
Through the recycling of PET (polyethylenterephthalat) bottles, the JSC \u201cPET Baltija\u201d produces \nhigh quality recycled raw materials \u2013 flakes and pellets. In 2018, the company established a \nseparate food packaging raw material production unit, where, through the recycling \napproximately 9 thousand PET bottles, 6\u20137 tons of PET pellets are produced on annual basis, \nfurther used for the production of food packaging. The company produces 15 various types of \nPET recycled raw materials, furthermore, the production process has been developed so far that \nproduction by-products (for example, labels of bottles and caps) are also recycled into new raw \nmaterials. Thus, the company also promotes development of circular economy. JSC \u201cPET \nBaltija\u201d employs more than 200 employees. The company is a part of \u201cEco Baltia grupa\u201d, which \nis the largest environmental and waste management group of companies in the Baltic States \nensuring full waste management circle from collection and sorting to secondary logistics, \nwholesale and recycling of raw materials. \u201cEco Baltia grupa\u201d employs more than 830 employees, \nand its consolidated turnover in 2019 was EUR 70.62 million. \n \nAdditional information: \nDaiga Bu\u010da \nPress Secretary \nEco Baltia Group \nPh. +371 26588715 \ndaiga.buca@ecobaltia.lv \nwww.ecobaltia.lv \nwww.petbaltija.lv<\/p>\n","protected":false},"excerpt":{"rendered":"
In 2019, the JSC \u201cPET Baltija\u201d, Latvian PET bottle recycling company, which is a part of \u201cEco Baltia grupa\u201d, reached the highest recycling volumes in the company\u2019s history. Purposefully working on the efficiency and productivity improvements, last year the JSC (AS) \u201cPET Baltija\u201d recycled 40,895 tons of PET bottles, representing 7% over the indicator of […]<\/p>\n","protected":false},"author":1,"featured_media":546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/comments?post=543"}],"version-history":[{"count":1,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/543\/revisions"}],"predecessor-version":[{"id":544,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/543\/revisions\/544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/media\/546"}],"wp:attachment":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/media?parent=543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/categories?post=543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/tags?post=543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}