QC Polymer sets sights on growth
After a change in ownership in January 2024, QC Polymer, a PET recycling company located in the West Midlands, revealed ambitious plans for expansion with the aim of achieving a turnover of £100 million over the next five years.
Mysore Petrochemical, an Indian company, acquired a majority stake of 75% in the Bilston-based company in January, while the remaining 25% of shares are held by QCP Investment Group, Ltd.
The company's managing director, Arpan Dhanuka, outlined the expansion strategy, which involves forming strategic partnerships with local authorities, waste management firms, and well-known brands. The company's goal is to tailor its services to specific needs and create innovative recycling solutions in collaboration with other organizations.
Dhanuka emphasized that the company's five-year plan is influenced by the growing global demand for recycled PET and expressed their desire to work with partners who share their vision.
QC Polymer is investing significantly in advanced recycling technologies to improve the efficiency of the recycling process, resulting in the production of high-quality recycled materials that can be used by manufacturers seeking sustainable raw materials.
Furthermore, the company has developed a process for producing rPET that is almost as effective as virgin PET. Along with technological advancements, QC Polymer is committed to upholding its sustainability goals, which form the basis of its business model.