August 2004

MBA Polymers Joins Chinese Company in Recycling Venture

MBA Polymers, Inc. (MBA) of Richmond, California, and Guangzhou Iron & Steel Enterprises Holdings, Ltd. (GISE) of Guangzhou, China celebrated the beginning of the construction of their state-of-the-art plastics recycling facility in the Nansha Development Area of Guangzhou, China, with a major groundbreaking ceremony.

The new joint venture, called GISE-MBA New Plastics Technology Co. Ltd. (GMP), will process highly mixed plastics from the recycling of durable goods such as appliances and electrical equipment. This recycling is taking place on a very large scale in countries like Japan, Taiwan and all over Europe, where the producer-responsibility and take-back recycling legislation has been implemented.

GISE and MBA held the official groundbreaking ceremony at the 18,000 square meter site in the Nansha Development Zone of Guangzhou on which GMP will build a 40,000-ton per year plastic recycling plant. The Nansha Development Area is one of the most rapidly developing economic zones in China and GMP will be joined by a new Toyota automobile plant, a GISE-JFE (large Japanese steel company) joint venture 400,000 ton per year steel plant, Honda and BASF. In fact, GE Plastics’ largest compounding plant in China is nearly next door.