Reconomy has set out plans to more than double its turnover to £200m within three years.
The strategy is included in the latest edition of the company’s sustainability report. Highlights include:
- Waste handled per year has grown to approximately three million tonnes
- For the third year running, 93% of waste managed by the company was diverted from landfill
- Recorded sales growth was by 34% last year, increasing turnover to £87.4m
In the report’s foreword, managing director Paul Cox said: “The Reconomy family has expanded considerably in the past 18 months following the integration of our colleagues from Countrywide Waste Management and the acquisition of the Network Waste team. We remain on track for further growth, with a current run-rate set to achieve £125m revenue by the end of 2016.”
He said the waste industry “remains rooted in a period of unprecedented change and uncertainty”, with fluctuations in commodity prices persuading some manufacturers to buy new materials rather than use recycled equivalents.
Cox added: “Despite this, Reconomy remains committed to promoting the principles of a circular economy, where all waste is treated as a reusable resource, retaining both an inherent value and a purpose within the wider marketplace.”
Reconomy won the Resource Management Company of the Year category at the 2016 National Recycling Awards in July.