RECYCLING TECHNOLOGIES COLLABORATES WITH GLOBAL ENERGY TECH

Recycling Technologies, the Swindon company whose innovative manufacturing process can turn plastic packaging back into oil, has announced a new collaboration with global energy technology leader Sumitomo SHI FW.

Sumitomo SHI FW and Recycling Technologies will work on the development of technology and manufacturing of Recycling Technologies’ advanced waste plastic recycling machine, the RT7000.

The RT7000, turns hard-to-recycle plastic such as films, bags, laminated plastics into a hydrocarbon feedstock, called Plaxx, which can be used as a feedstock for new plastic production. The RT7000 is modular and small-scale, designed to fit easily onto existing waste treatment and recycling sites, providing a scalable solution to recycle waste plastic anywhere in the world.

Adrian Griffiths, CEO at Recycling Technologies, said: “This collaboration represents an important milestone in our strategy to mass produce our RT7000s, reduce their manufacturing costs, improve their efficiency and expand our global marketing and sales channels. These steps will speed up our goal to make plastic more sustainable through innovation, technology and determination.”

Recycling Technologies is also seeking to list on London’s AIM investment market this year.

Avon Group continues its acquisition progress with two new buys

Bristol engineering company Avon Group has completed more key acquisitions with the purchase of Telford-based Acousta Products Ltd and AntiVibe Ltd based in Hull.

Acousta Products manufacturers acoustic foam and rubber products for the automotive, medical, air conditioning and packaging sectors.

AntiVibe is a specialist manufacturer of power transmission couplings and precision-made technical rubber and plastic components industrial machinery and the automotive market.

Coventry Engineering secures £400k loan to invest in people and equipment

West Midlands-based manufacturer, Coventry Engineering has secured a £400,000 loan to create seven new jobs and invest in new equipment to enable round-the-clock production. The engineering company secured the funding from the Midlands Engine Investment Fund (MEIF), provided by The FSE Group, Debt Finance Fund and backed by the Coronavirus Business Interruption Loan Scheme (CBILS).

The funding will enable the company to increase the manufacturing of its precision static and driven spindle tooling, which is used in some of the world’s most demanding and highprofile industries including the medical and aerospace sectors.

Andrew Flynn, Managing Director of Coventry Engineering, said: “We are proud to make our products using traditional and modern manufacturing techniques. This funding will enable us to expand the modern end of our range so that we can continue to innovate and grow.”