Displaying items by tag: growth

Finland: Circular materials processing equipment specialist Tana Oy has received an initial investment from the CapMan Growth Equity III fund. Other participating investors include Elo Mutual Pension Insurance Company. The new funding is intended to fuel Tana Oy's further expansion. The company said that the Kangas family remain its primary owners.

Tana Oy expects to record €65m in turnover in the 2024 financial year (1 April 2023 – 31 March 2024). It maintained over 20% year-on-year growth in turnover over multiple previous years.

UK: N+P has expanded its footprint in Northeast England through the acquisition of Niramax Group. Niramax Group operates a 300,000t/yr solid recovered fuel (SRF) plant in Hartlepool, County Durham. The newly acquired subsidiary will henceforth operate as N+P Hartlepool MRF. N+P already operates a Subcoal SRF plant in nearby Stockton-on-Tees. It aims to increase its total number of plants to 15 from five across the UK and the Netherlands by 2028.

Chief executive officer Karel Jennissen said “We are delighted to have completed this acquisition and look forward to welcoming the workforce to the N+P family. This site is part of a pipeline of acquisitions being undertaken that began with Crayford MRF last year, the largest recycling plant in the UK, and this is a key part of our growth strategy alongside building new greenfield operations. In addition to its existing activities, Hartlepool will become a hub for N+P’s research and development, which will aim to deliver further innovations to the waste market in order to improve the environmental outcomes of waste treatment and further improve recycling rates.”

US: National Cement Company of Alabama has reported that the new kiln line at its Ragland cement plant will reduce the plant’s CO₂ emissions by 40%. Its energy consumption will also fall by 30% as a result of the upgrade. The new line includes a 78m-high homogenisation silo, vertical crusher, five-stage preheater and automated clay storage system. AF used in the kiln will include waste tyres, woodchip and sawdust. The new kiln will help in the Ragland cement plant’s transition to 100% Portland limestone cement (PLC) production by 2023, further diminishing its carbon footprint.

Vicat CEO Guy Sidos said "Our ambition is to use AF in all our cement plants around the world. In addition to eliminating fossil fuel energy and replacing it with recycled regional waste, our investments contribute directly to local development. We are proud of the modernisation and transformation of our Ragland site, which was our very first acquisition outside France in 1974."

Norway: Geminor processed 67% of waste that it handled in 2021 into refuse-derived fuel (RDF) and solid recovered fuel (SRF). The company said that the figure represents a 3% decline from 2020 levels. It handled a total of 1.73Mt of waste in nine European countries in 2021.

CEO Kjetil Vikingstad said “The Covid year 2021 has been another challenging year for the European waste industry in terms of volumes, logistics, transport and varying market mechanisms. The RDF market, in particular, has differed with lower volumes in circulation due to reduced exports from countries such as the UK and Finland. At the same time, other countries - such as Poland, Denmark, and Italy - have experienced growth, which has helped obtain a balance in the market.”