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Intco Recycling Resources

intco.com.cn

Founded Year

2005

Stage

IPO | IPO

Date of IPO

7/9/2021

About Intco Recycling Resources

Intco Recycling Resources (688087.SH) provides recycling services for expandable polystyrene waste foam. The company reuses the polystyrene to made molding and framing products such as photo frames, picture frames, skirting molding, crown molding, and outdoor flooring. The products are intended to replace traditional wood molds and frames. The company also manufactures recycling machinery including cold compactors and densifiers. [Keywords: cleantech, environment, recycling]

Headquarters Location

No.18 Qingtian Road Qilu Chemical Industrial Park

Zibo, Shandong, 255414,

China

86 533 752 7018

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Latest Intco Recycling Resources News

» Intco targets 1 mn tonnes/year rPET with Erema’s solution New

Oct 25, 2022

Chinese recycling company Intco has become one of the largest recyclers and end users of waste expanded polystyrene (EPS). It recycles around 100,000 tonnes of EPS waste that it acquires around the globe and processes it into new consumer goods, such as picture frames, which are then sold in well-known furniture stores. It expanded into PET recycling and having been active in this segment for five years, Intco is planning a major investment in the expansion of PET recycling solutions over the next few years. Intco says it has trusted in the technologies and service provided by the Austrian recycling machine manufacturer Erema for more than ten years. Frank Liu, Founder/Chairman of Intco Medical Technology Co and Shandong Intco Recycling Resources Co, says, "We also want to become the leading supplier in this segment and increase our PET recycling capacity from the current level of around 150,000 tonnes/year to 1 million tonnes in the coming years,” He added, “To do this, we need an experienced and reliable technology partner, which we have with Erema at our side. Just a few months ago, Erema’s Vacunite bottle-to-bottle recycling system started production at Intco’s facility in Klang, Malaysia. "We are pleased that Intco have decided to further intensify their work together with us, focusing on PET recycling," says Manfred Hackl, CEO Erema Group. Regarding the benefits of this partnership, he comments, "Intco is a partner who also have the end product in mind from the very beginning with their recycling solutions. Promoting a circular economy for plastics is our shared objective, which requires the highest possible quality of recycled pellets. That's exactly where the strength of our team comes in, as well as our patented technologies, which we are constantly developing together with our customers and partners." (PRA)

Intco Recycling Resources Frequently Asked Questions (FAQ)

  • When was Intco Recycling Resources founded?

    Intco Recycling Resources was founded in 2005.

  • Where is Intco Recycling Resources's headquarters?

    Intco Recycling Resources's headquarters is located at No.18 Qingtian Road, Zibo.

  • What is Intco Recycling Resources's latest funding round?

    Intco Recycling Resources's latest funding round is IPO.

  • Who are the investors of Intco Recycling Resources?

    Investors of Intco Recycling Resources include Gesheng Investment, Baijing Venture Capital, Yunqi Partners, Divine Capital, Huaou Venture Capital and 6 more.

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