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Contec S.A. – a Poland-based company that specializes in producing sustainable raw materials by upcycling end-of-life tires – reports that its team has visited Contec’s partner, TRS - Tyre Recycling Solutions SA – an innovative tire recycling company from Switzerland. During the visit, the companies have signed the Joint Development Agreement.

Attempting to cut costs while launching a tire recycling or pyrolysis business, young companies often fall prey to low-quality equipment manufacturers whose equipment does not correspond to their promises. Typically, such a low quality equipment has far more attractive prices and very often it comes from Asian countries, where labor costs are still very low. Despite the low price, such an equipment can kill a young pyrolysis company or significantly undermine it’s operation. In this article Weibold focuses on issues of low-priced pyrolysis machinery and sheds light on the most common problems occurring with pyrolysis equipment suppliers from the Far East.

Attempting to cut costs while launching a tire recycling or pyrolysis business, companies often fall prey to low-quality equipment manufacturers whose equipment does not fulfill to their promises. Typically, such a low quality equipment has far more attractive prices and very often comes from countries, where labor and material costs are still very low. Although seemingly benefitting its buyer through low initial capital investment, such equipment can kill a young pyrolysis company or seriously undermine its operation. In this article Weibold focuses on issues of low-priced pyrolysis machinery and sheds light on the most common problems occurring with such pyrolysis equipment suppliers.

As of February 1st, 2023, Michael Christensen joins Genan as the new Application Development Manager, marking the second team expansion for the company this year. “As Application Development Manager at Genan, Michael Christensen will be taking on the role as link-builder between our Sales, Innovation and Marketing Teams – and he will be cooperating closely with both our Production and Quality departments. This function requires both experience and product knowledge, and Michael’s many years in the industry make him the ideal candidate for this task. With a lot of innovative projects in the pipeline, his in-depth understanding of both business and products will be essential for the future development of these activities,” says Group CCO Thomas Ballegaard.

After a successful funding round of 15 million EUR in 2023, Contec S.A. takes the next step in its expansion plans by onboarding Wojciech Paruzel as Chief Operations Officer. Wojciech Paruzel is an electrical engineer and a Wrocław University of Science and Technology graduate with an MBA in Business Management. His career spans over 25 years, with experience in the construction, automotive, and technology industries. He was previously the COO of the J.S. Hamilton Group, where he improved operational efficiency with selected strategies across Central and Eastern Europe.

For tire recyclers, steel price trends are critical as recovered steel from recycled tires can fluctuate in value with the steel market, affecting overall revenue and planning in tire recycling operations. The World Steel Association has revised its 2024 forecast, projecting a 0.9 percent drop in global steel demand to 1.75 billion tons. The Association’s Short Range Outlook for 2024-2025 anticipates this decline will be followed by a moderate recovery in 2025, with demand rising by 1.2 percent to reach 1.77 billion tons, primarily outside of China.

According to a recent press release by Ecolomondo, the company completed a non-brokered private placement, raising C$506,660.04 through the sale of 2,814,778 units at C$0.18 per unit. Each unit consists of one common share and one warrant, allowing the purchase of an additional share at C$0.24 within two years. This financing, combined with a $3 million loan from Export Development Canada, will support the development and expansion of Ecolomondo's Thermal Decomposition Process technology and facilities.

Robert Weibold – an internationally renowned expert in the field of tire recycling and tire pyrolysis – is attending UK Tyre Recovery Association’s (TRA) Briefing Day on September 13, 2023. During the meeting, Robert Weibold will speak about pyrolysis. If you would like to connect with Robert Weibold, discuss business opportunities or request information on consulting services, please send your inquiry at sales@weibold.com.

Shred-Tech Corp., a leading manufacturer of industrial shredding & recycling solutions, recently announced the acquisition of CM Shredders LLC by our parent company The Heico Companies. This strategic move is a significant step forward in enhancing Shred-Tech’s product portfolio, extending its global reach, and fortifying its North American manufacturing capabilities. CM Shredders is a recognized leader in the tire recycling industry. Headquartered in Sarasota, FL, USA, CM has a history of innovation and a strong market presence.