Polish tire recycling venture Contec S.A. secures funding worth EUR 15 million
Contec S.A. – a company that specializes in producing sustainable raw materials by upcycling end-of-life tires – has successfully secured a total of EUR 15 million in funding this year. The largest Polish manufacturer of steel roofing and facades – Pruszyński – has contributed an additional EUR 5 million to the funds already provided by VINCI and the Warsaw Equity Group. These two entities had initially invested EUR 10 million in Contec back in March 2023. The investment will be used to triple the capacity of Contec’s current facility in Szczecin, Poland, and to position the company for the construction of several new commercial plants across Europe. This will support Contec's mission to accelerate the transformation of the manufacturing industry toward carbon neutrality.