Krones Recycling spins off from Krones as an Independent Subsidiary Company
2 Jul 2024 — To meet the growing demand for recycled plastics worldwide, Krones has taken the strategic business decision to pool its recycling expertise in the independent subsidiary Krones Recycling GmbH. It commenced business operations with headquarters in Flensburg, from July 2024.
The newly founded company takes over all activities relating to plastics recycling, but continues to utilise Krones’ global production, sales and service network.
Describing the decision to create a recycling spin off as a ‘logical step’, Krones CEO Christoph Klenk explains that “The spin-off will enable Krones Recycling to develop faster and in line with market requirements.”
Michael Gotsche, Managing Director of the new subsidiary adds that “Due to leaner processes and structures, the new company will be able to respond more quickly to changes in the constantly changing recycling market.’ For all its independence, however, Krones Recycling retained the Krones name to reflect the close connection to the Krones Group. “We know that our clients appreciate Krones’ overall line expertise, which means they get everything from a single source. They can continue to rely on this in the future. The worldwide sales and service network is also available to us without restriction,” Gotsche continues.
A large number of plastics such as PET, PE, PP and PS are already being processed on Krones Recycling’s lines worldwide. “Our vision is to make a daily contribution to a global circular economy for all plastics by offering our customers sustainable and profitable recycling solutions,” says Michael Gotsche, describing the overarching business objective. There is also a clear marker in relation to Krones’ sustainability targets: at least 30 per cent of the plastics processed on Krones lines are to be returned to the cycle as a recycled resource.
Consequently, Krones Recycling will continue to conduct intensive research into new innovations at its in-house Recycling Technology Centre. There, tests on the recyclability of various plastics, including adhesives and colours, can also be carried out under real conditions on behalf of customers.
