MBA Polymers enters European joint venture.MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration Polymers Inc. (MBA), Richmond, Calif., and Mueller-Guttenbrunn GmbH (MG) of Amstetten, Austria, have formed a joint venture company to build and operate a plastics recycling plant in Kematen, Austria. MBA owns 51 percent of the joint venture, and MG owns 49 percent. The new company MBA Polymers Austria--Kunststoffverarbeitung GmbH will process highly mixed plastics resulting from the legislated take-back and recycling of durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. , such as appliances and electrical equipment A piece of electrical equipment is a machine, powered by electricity and usually consists of an enclosure, a variety of electrical components and often a power switch. Examples of Electrical Equipment
MBA and MG expect the processing plant, with a capacity of 40,000 tons per year, to come on line shortly after the August 2005 mandated implementation of the EU-wide WEEE WEEE Waste from Electric and Electronic Equipment (directive) WEEE Waste Electrical and Electronics Equipment WEEE Waste Electrical and Electronic Equipment (Waste Electrical and Electronics Equipment) take-back and recycling legislation. The plant complements a similar plant being constructed in Guangzhou, China, through a join venture between MBA and Guangzhou Iron and Steel Enterprises. The plant will be located next door to MG's advanced metal recycling operations METRAN and will be between large feedstocks from the durable goods recycling infrastructure developing in Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). and the growing manufacturing and plastics molding base in Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. . Biddle says that during the last 10 years, MBA has worked with government agencies, trade organizations and various industries "to provide a better home for the plastics from end-of-life durable products and to provide the manufacturers with 'green' materials for their new products," helping to create more sustainable manufacturing in the automotive, appliance, computer and business equipment and electronics industries. MBA Polymers is headquartered in Richmond, Calif., where it carries out R&D and operates a large pilot plastics recycling facility. Muller-Guttenbrunn is the largest metal recycling company in Austria. Its headquarters and largest recycling plant are in Amstetten, Austria, but it also operates in Hungary, the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , Slovakia, Romania and Liechtenstein. |
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