Elgi Rubber acquires Dutch rubber recycler
Elgi Rubber International Limited has announced the acquisition of a 100 per cent interest in Rubber Resources B.V. on 16 March, 2011. Elgi, headquartered in India, has operations in the USA, Brazil, East Africa and other parts of the Indian Subcontinent, focusing on rubber recycling, especially in tyres and retreading. Elgi says the acquisition “means a strong presence in Europe and big step towards being a worldwide supplier of reclaim to the rubber industry”.
Rubber Resources, based in Maastricht, the Netherlands, is dedicated to recycling polymers – specifically from natural rubber and butyl-based products. Elgi says it is a “primary supplier of reclaimed rubber to leading tyre companies and rubber goods manufacturers in demanding markets like Europe, the United Sates and Japan”. It has more than 50 years’ experience in recycling rubber. Elgi says the acquisition will allow it to “provide products and solutions that were until now parts of two different domains and this union will bring synergies to customers and suppliers worldwide”.
Elgi envisages Maastricht as the centre for its growth in the rubber reclaim business and in developing new processes, products and solutions in rubber recycling. Rubber Resources and the ECORR brand will become the trade name for Elgi’s rubber reclaiming businesses.