MBA set to expand Worksop production capacity by 40% with multi-million pound cash injection
We’re delighted to announce that MBA’s investors and joint venture partners have made a significant new investment in our business. We’ll be using the funds to improve our performance, and expanding our Worksop production capacity to 43,000 tonnes this year, with a view to reaching an annualised rate of 50,000 tonnes by December, an increase of 40% on our current capacity. We’ll also be creating 14 new jobs on site for people in the local area and extending our operating times from five to seven days per week.
“This is a great start to the year for MBA and it’s a real vote of confidence in our business,” says Nigel Hunton, CEO, MBA Polymers. “We consistently strive to improve the efficiency of our processing plants and this new investment will be instrumental in taking our performance to the next level.”
In particular, we’ll be able to increase the quality and consistency of our products by adding new blending equipment to cross-blend finished products. We’ll also purify our byproducts (such as rubber), raising the value of the materials to prospective buyers. Implementing more cost efficient processes will also help us to save time and keep manufacturing costs down.
As we scale up and improve our operations, we’ll be able to recycle ever greater volumes of material, diverting more waste from landfill and delivering increased quantities of high quality recycled plastic to our customers. MBA will also be receiving a lot more automotive shredder residue (ASR) from February this year, when our JV partner EMR opens the UK’s largest recycling plant in Oldbury.
“As manufacturers seek to tackle raw material price volatility and reduce their carbon footprints, it’s vital that we increase the volume of high quality secondary raw materials in the marketplace,” continues Hunton. “Keeping materials in use for as long as possible also supports the development of a resource efficient, profitable circular economy.”
Sourcing recycled plastics can save up to 80% of CO2 compared to virgin plastics. MBA’s recycled plastic pellets are suitable for use in a wide range of applications and can be tailored to suit customers’ exact requirements.