Extrusion International 1-2023-USA

12 Extrusion International 1/2023 INDUSTRY NEWS New Company Name  As of 22 of December 2022, the company Greiner Ex- trusion, including its international locations, has changed its name to Exelliq. The subsidiary GPN GmbH remains with its name and logo. Exelliq enters the future strengthened with a new name and modern branding. However, not everything will be new, rather the company is convinced that the future own- ership structure of Exelliq will enable its customers to fur- ther expand their leading market position, the quality of its product portfolio and its innovative strength. Only the company names will change worldwide – the respective company register numbers and VAT numbers will remain unchanged. In addition, the business relationships will remain unchanged – and in the future you will be able to profit even more from possible synergies from the combi - nation of the joint know-how and the bundled capabilities of Exelliq and its now sister company battenfeld-cincinnati. For Exelliq, the logowith the newname symbolizes themo- mentum towards a digitally networked and fully automated future of extrusion with excellence and high quality. Already since 1977, the company, as a global group of experts, has been striving to offer customized and high-quality complete solutions. Customers are provided with the best possible sup - port throughout the entire extrusion performance process, with continuous vision and new perspectives. An essential part of the activities remains the permanent further develop- ment of innovative, automated and digital solutions – an as- pect that the new corporate identity additionally underlines. Exelliq Austria GmbH www.greinerextrusion.com battenfeld-cincinnati www.battenfeld-cincinnati.com Strategic Partnership for Recycling PET Signed  INTCO is a Chinese recycling company active world- wide that has become one of the largest recyclers and end users of waste expanded polystyrene (EPS). Every year, INTCO recycles around 100,000 tonnes of EPS waste that it acquires around the globe and processes it into new high- quality consumer goods, such as picture frames, that are then sold in well-known furniture stores. Frank Liu, found - er and chairman of INTCO Medical Technology Co., Ltd. and Shandong INTCO Recycling Resources Co., Ltd. also applies this circular economy concept when recycling PET waste. Having been active in this segment for five years, INTCO is planning major investment in the expansion of PET recycling solutions over the next few years. Recycling capacity is to increase to up to one million tons per year "We also want to become the leading supplier in this segment and increase our PET recycling capacity from the current level of around 150,000 tonnes a year to one mil- lion tonnes in the coming years," explains Frank Liu: "To do this, we need an experienced and reliable technology partner, which we have with EREMA at our side." INTCO has trusted in the technologies and service provid- ed by the Austrian recyclingmachinemanufacturer for more than ten years. Just a fewmonths ago, a VACUNITE®bottle- to-bottle recycling system started production in Malaysia. "We are pleased that INTCO have decided to further inten- sify their work together with us, focusing on PET recycling," says Manfred Hackl, CEO EREMA Group GmbH. Regarding the benefits of this partnership, he comments, "INTCO is a partner who also have the end product in mind from the very beginning with their recycling solutions. Promoting a circular economy for plastics is our shared objective, which requires the highest possible quality of recycled pellets. That's exactly where the strength of our team comes in, as well as our patented technologies, which we are constantly developing together with our customers and partners." EREMA Engineering Recycling Maschinen und Anlagen GmbH www.erema.com Michael Heitzinger (EREMA GmbH), Manfred Hackl (EREMA Group) and Frank Liu (INTCO) signed the strategic partnership at K 2022 (Photo credit: EREMA)