NEWS
Europe PVC recycling declined 9% in 2023
Recycling rates of PVC in Europe fell by more than 9% in 2023, according to VinylPlus. For the year as a whole, it
reported that nearly 738,000 tonnes of PVC waste were recycled in the EU-27, plus Norway, Switzerland and the UK – a fall of 9.3%. This represents around 24% of all PVC waste generated in Europe. Of the total, 62% was pre- consumer waste – where factories reprocess their own waste internally – and 38% was post-consumer waste (where PVC is collected after use). In 2023, pre-consumer
recycling fell 10%, while post-consumer recycling fell by around 7%. Comparisons are hard to
make because product types were reclassified between 2022 and 2023. However, recycling of
‘flexibles’ – including ‘coated fabrics’ and ‘flooring’ – ap- peared to decline by around 14% in 2023. Recycling of
available – and post-con- sumer recycling, due to a decline in the construction industry. The flooring and pipes sectors registered the largest decline, especially in pre-consumer waste recycling.
Demand for recycled
Schellerer: “The recycling system continues to be under scrutiny from regulators”
‘rigid film’ was stable at around 20,000 tonnes. VinylPlus said there were
several reasons for the decrease: competitive prices of virgin material, including imports; a downturn in building and construction; and the impact of European regula- tions on legacy additives. Recycling and converting also declined across Europe, for both pre-con- sumer recycling – where lower production reduced the amount of waste
PVC (rPVC ) fell more than 12% compared to previous year, said VinylPlus. Regis- tered uptake of rPVC from converters was around 470,000 tonnes in 2023, a 16% fall. The VinylPlus 2030 commitment has a target to recycle 900,000 tonnes/year of PVC by 2025, and 1million tonnes/year by 2030. “High inflation impacted the construction sector, putting recyclers in diffi- culty and reducing demand for recyclates in the EU,” said Karl-Martin Schellerer, chairman of VinylPlus. “In addition, the recycling system continues to be under scrutiny from regulators.” �
www.vinylplus.eu
Sales and profits fall
at Cosmo India-based Cosmo First saw reduced sales and profits in its latest financial year. For the year ended 31
March 2024, the company posted a 16% fall in sales – to around Rs26 billion (around US$312 million). At the same time, profit- ability (EBITDA) slumped by 42% to around Rs2.5bn (around US$30m). In the final quarter of the financial year, however, sales rose by around 2.5% – and EBITDA by 20%. The improvement in
profit was down to higher sales of speciality film, and improved domestic BOPP margins, said the company. However, BOPET margins remained negative, it added. The first quarter of the new financial year (FY) will see BOPP margins remain steady, said the company. It also expects improved sales of speciality BOPP films and reduced costs. �
www.cosmofilms.com
‘Record attendance’ at Chinaplas 2024
Adsale, the organiser of Chinaplas, says it achieved a new record for both exhibitor and visitor numbers at the latest show in Shanghai. It says that, as well as hosting 4,495 exhibiting companies,
it attracted more than 320,000 visitors – almost 30% higher than its 2023 Shenzhen exhibition. The number of overseas visitors exceeded 73,000, accounting for nearly 23% of the total. “We have surpassed the number of exhibitors, total visitor
count, and overseas visitor count of any previous edition of Chinaplas,” said Ada Leung, general manager of Adsale. �
www.chinaplasonline.com
4 FILM & SHEET EXTRUSION | June 2024
www.filmandsheet.com
IMAGE: VINYLPLUS
IMAGE: ADSALE
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