Romania Buys 49% of Thermo Eco Rec

Romania Buys 49% of Thermo Eco Rec
Published: 05 September 2005

Holcim Romania, a unit of Swiss cement company Holcim Ltd, has bought a 49 per cent stake in the local waste recycling company Thermo Eco Rec from Austrian company REP die Recycling und Entsorgungs Profis for an undisclosed sum.
 
The Austrian company held 51 per cent in Thermo Eco Rec. Thermo Eco Rec was set up in 2004 and specialises in recouping, collecting and sale of all recyclable non-metal waste. 
 
Holcim Romania processes over 100 types of waste in its cement plants in Campulung and Alesd.  Holcim Romania’s investment in equipment, which enabled the plants to use recycled waste in the production process, reached EUR3.0m (US$3.76m) at the end of 2004.