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Luxus spends £500,000 to target waste markets

Technical plastics recycling company Luxus has invested half a million pounds on a processing line that will produce an extra 8,000 tonnes of material a year.

It believes the plastics processing market will get busy as billions of bins in the UK will soon be ready for recycling, having been in use from as far back as the 1980s. And the investment is part of the company’s bid to increase its turnover to £29m by 2014.

Luxus managing director Peter Atterby said: “Having worked with local authorities for many years now, we have developed a recycling closed loop service known as the ‘Bin2Bin’ scheme which generates revenue through payment in weight for used bins.”

Under the scheme, bin products at the end of their natural life are used as a resource to manufacture new bins. Atterby added: “We simply purchase ‘end of life’ bins, which are then washed, shredded, granulated, formulated to bring the material back to the required specification, compounded and coloured for re-use into new bins.”

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