News

PET Baltija AS (JSC), one of the largest polyethylene terephthalate (PET) bottle recyclers in Northern Europe and part of the largest environmental resource management and waste recycling group in the Baltics, Eco Baltia AS (JSC), is rebranding as ITERUM and introducing a new brand identity as part of a broader business development strategy. This strategic changeis designed to reinforce  the company’s market position in the polymer recycling sector and to accelerate its international growth.

Thanks to the efficiency and productivity improvements, active work in export markets, and higher selling prices of finished products in the first half of 2022,  the net turnover of the PET recycling company JSC PET Baltija increased by 56% compared to 2021 reaching 78.9 million euro last year.

PET Baltija, one of the largest PolyEthylene Terephthalate (“PET”) recyclers in Northern Europe and part of Eco Baltia, the largest waste management and recycling group in the Baltics, today announces the investment of over €10 million as part of the development of a new PET recycling plant in Olaine, Latvia.