Green Group opens EUR 4 mln glass recycling factory near Bucharest

A glass recycling factory will soon open in Popesti – Leordeni near Bucharest. Green Glass, part of Green group, has invested EUR 4 million into the facility scheduled to open on Thursday, December 5. The group features four recycling companies, GreenTech SA, GreenFiber International SA, GreenWEEE International SA, GreenLamp Reciclare SA. The group runs recycling factories for plastics and synthetic fibres. The group estimates a profit of some EUR 140 million this year, up from EUR 120 million in 2012. The group had a profit margin of 10 percent. Green group is owned by investment fund Global Finance, the European Bank for Reconstruction and Development and Several companies registered in Taiwan. Green Group has over 1,500 employees and working points in the country: Buzau, Bucharest, Ilfov, Iasi, Corabia, Arad, Cluj, as well as abroad, in Serbia, Macedonia and Germany. editor@romania-insider.com