Recycled Polymers kickstarts with investment
A plastics recycling business has been launched in Birmingham following investment in new machinery.
Recycled Polymers is chaired by Henley-in-Arden serial entrepreneur Andrew Selby while Grant Gerry becomes managing director of the fledgling Birmingham-based business.
The company said it will recycle plastic waste from industry using specialist machinery designed in the UK. After recycling in a granulation process, the company will produce its product in a clean state, in pelletised form and ready for use in plastics moulding and extrusion processes.
The business said it has also already won contracts to recycle the waste from industry users back into their own manufacturing environment, classed as service work.
Recycled Polymers has put £750,000 in the venture and employs six staff at its base in Erdington, Birmingham. It expects to create up to a further nine new jobs by the end of next year.
Gerry has put forward financial backing himself with the other directors with asset finance from HSBC Commercial Finance and Close Brothers.
He said: "Recycling has never been higher on the agenda for business and the environment as a whole.
"Businesses that use recycled materials are showing their environmental credentials as well as meeting their production needs economically at a lower cost."
