FENC Further Acquisition of a Recycling Company in the U.S.
Due to the strong demand for green products in the U.S. market, this acquisition is targeting to meet the sustainable development goals from FENC’s downstream global beverage brand and consumer product clients. The acquisition not only attests to FENC’s strategic commitment to sustainable product development and circular economy, but will also enable the Company to further solidify its synergy with its subsidiary in West Virginia and secure its competitiveness in the industry.
A wash line that will enable self-manufacture of clean flake
Breaks Ground in BG for Expansion
Officials with Phoenix Technologies were joined by Bowling Green City and Wood County leaders for a ground breaking ceremony. After this expansion by mid 2023, it is expected to double the recycled PET (rPET) resin capacity to 140 million pounds annually, processing 5 billion bottles a year.
