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Erema Group increases turnover to 380 million euros

This was announced by the Austrian plant manufacturer at the end of its 2023/24 financial year.

Erema Group GmbH, headquartered in Ansfelden near Linz, Austria, comprises the eight subsidiaries Erema, Pure Loop, Plasmac, Keycycle, Umac, plasticpreneur, 3S and Lindner Washtech, which is said to recently added washing systems to Eremas portfolio. "With our systems and components, we now achieve recycling capacities of over 25 million tons per year worldwide and thus make a significant contribution to the development of a circular economy for plastics," emphasizes Manfred Hackl, CEO of the Erema Group. In the past financial year, the Group produced 290 extruders for plastics recycling as well as over 100 individual components such as filter systems and the "ReFresher" anti-odor technology. These recycling solutions generated total sales of 380 million euros, according to a press release. "We are proud of this result for the financial year under the general economic conditions, but are cautious about the coming months," Hackl continued. The plastics recycling industry was struggling with low prices for virgin material and high energy and production costs, particularly in Europe. According to the information provided, the Erema Group employs 950 people worldwide.
Investments in the plastics recycling industry
The Erema Group has invested in machinery, application development and infrastructure in recent years. "With the opening of the new R&D Center in Ansfelden last summer and the expansion of the machinery at the Customer Technology Center at Erema North America at the beginning of this year, we have completed the largest investment program in our history to date. More than 110 million euros have been invested in the expansion and modernization of our international locations over the past five years," emphasizes Horst Wolfsgruber, CFO of the Erema Group.

  • Erema Group press release (6.6.2024)
  • (2.7.2024)
  • Photo: © Erema Group

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