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Closed Loop Recycling
Closed Loop Recycling, the Dagenham-based plastic bottle recycling firm with 130 staff, has been bought out of administration by Euro Capital.
Closed Loop Recycling is to invest £12m in the expansion of its plastic bottle recycling plant in Dagenham, with the creation of 100 jobs.
Closed Loop Recycling expects to announce the location for a third plastics reprocessing facility by the end of the year, having just started work on the development of a £12m site in North Wales.
Closed Loop Recycling is to build a £12m plastic bottle recycling plant at the Deeside Industrial Estate in Flintshire by autumn 2009.