Displaying items by tag: Kuusakoski

Finland: Kuusakoski is planning to spend over Euro4m towards building a new composite shredding and treatment plant at Hyvinkää. The investment includes the renovation of a building that currently exists at the Kuusakoski Hyvinkää site, as well as the construction of the new processing line. The new plant will consist of two shredders, several covered conveyors, a magnet and a dust control system. 35% of the spend will be financed by Business Finland from RRF (Recovery and Resilience Facility) funding. Commissioning is scheduled by the end of 2025.

Mikko Kuusilehto, the president and chief executive officer of Kuusakoski, said "Our investment brings the circular economy solution piloted in Germany to Finland. With it, we can provide the best industrial scale recycling process for composite materials locally." He added, "The demand for a recycling solution for composites is rising already, as the amount of composite waste will increase: wind turbines, airplanes, boats and other vehicles contain considerable and increasing amounts of composites."

The shredded composite material will be supplied to cement plants for use as an alternative fuel.

Lithuania: Finnish-owned Lithuanian recycling services company Kuusakoski saw its revenues grow by 21% year-on-year to Euro32.5m in 2014. Its annual profit doubled to approximately Euro0.29m.

The company's performance has improved amid changes in the scrap metal purchase market, in particular the bankruptcy of Liepajas Metalurgs in 2013 and the exit of one more company from the Lithuanian market in 2014, Paulius Juska, according to Kuusakoski CEO Verslo Zinios. In 2015, Kuusakoski expects the waste tyre collection business to fuel its growth.

"We hope that Akmenes Cementas will resume burning waste tyres at its cement plant this year. If that is the case, we could supply tyres to the facility. It would enable us to increase the quantities of tyres that we collect and to generate more revenues from car service centres for the collection of old tyres and their supply to the disposal facility," said Juska.