Erema Group, Ansfelden, Austria, reported revenue of about $376 million for the 2024-25 fiscal year, a decrease of about 13 percent year over year.
The company said its systems and components had enabled the recycling of around 29 million tons of plastic waste worldwide during the financial year, which closed at the end of March. Despite the economic and geopolitical uncertainty weighing on the plastics recycling market, the company anticipates potential for growth.
CEO Manfred Hackl said, “More and more high-quality products are made from recycled pellets. The plastics industry has recognized that the proportion of recycled materials used in new products needs to continue to increase in order to achieve our shared goal of circularity."
While the European market has been subdued, Erema saw positive momentum in North America and Asia. Regulations such as the EU’s PPWR (packaging and packaging waste directive) could boost the outlook in Europe.
The company noted success with a joint venture with Lindner Washtech that provides total recycling packages. Erema also started up its first large-scale extruders for chemical recycling during the 2024-25 fiscal year.
“We are convinced that the demand for recycling technologies will keep increasing in the coming years,” Hackl said. “The framework conditions remain challenging, but the usage of plastic will continue to increase. The only way to meet this demand responsibly is with reliable recycling.”
