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Revamped NGR foresees recycling opportunities, eyes Asian expansion

Officials at NGR Next Generation Recyclingmaschinen GmbH (Feldkirchen, Austria), a manufacturer of recycling machinery for post-industrial thermoplastics, say that despite tough economic times, the firm still sees ample opportunity. NGR ended its 2007-08 business year (May 1-April 30) with a turnover of €14.4 million. “Our corporate goal is to assure that plastic waste from industry returns into production circulation as fast as possible and to see that it does so as a high quality raw material,” says Josef Hochreiter, who has been CEO of NGR since December 2008.

Officials at NGR Next Generation Recyclingmaschinen GmbH (Feldkirchen, Austria), a manufacturer of recycling machinery for post-industrial thermoplastics, say that despite tough economic times, the firm still sees ample opportunity. NGR ended its 2007-08 business year (May 1-April 30) with a turnover of €14.4 million. “Our corporate goal is to assure that plastic waste from industry returns into production circulation as fast as possible and to see that it does so as a high quality raw material,” says Josef Hochreiter, who has been CEO of NGR since December 2008. Last year the company moved to its new facility in Feldkirchen, changed ownership, and was injected with new capital. “Our new proprietor structure plus the capital injection for our company gives us the opportunity to strike out immediately with new developments including activities on additional attractive markets,” continued Hochreiter. The company is already active in much of the world and plans to expand into Asia. [email protected]

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