News

On October 23, the new factory of AS “ITERUM” (formerly “PET Baltija”) was opened in Olaine – one of the largest in Northern Europe with a planned processing capacity of 80,000 tons per year, or about 30% more than it was possible to provide at the company’s previous production facility in Jelgava. “ITERUM” has invested more than 10 million euros in the creation of the new factory, while the total investment reaches more than 35 million euros.

On October 3rd of this year, changes were made to the existing board of JSC (AS) ITERUM, a PET bottle recycling company within the largest environmental resource management and recycling group in the Baltics, JSC (AS) Eco Baltia. Andris Ābele, the current director of the plant, has joined the Board as a member of the Management Board. These changes were made to strengthen the company’s governance and promote the faster development of ITERUM in the international market.

On September 13 of this year, the polymer processing company “ITERUM” of JSC “Eco Baltia”, the largest environmental resource management and waste processing company group in the Baltics, received an award from the State Revenue Service (SRS) as the largest labour taxpayer in the category of medium enterprises in the Zemgale region.