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Intco Recycling

Sector: Warehouse • Location: Malaysia

Source: International Finance Corporation (IFC)

Project
Active

Founded in 2002, Shandong Intco Recycling Resources Company Limited (“Intco” or “the Company”) () is a manufacturer of recycled plastics, especially recycled polystyrene (r-PS) and recycled polyethylene terephthalate (r-PET). In Malaysia, Intco has an existing facility with 72,000 tons of rPS capacity and 50,000 tons of rPET capacity located in Klang, State of Selangor. 

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The project “Intco Recycling” is an infrastructure initiative in the Warehouse sector, located in Malaysia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Description

Description

Founded in 2002, Shandong Intco Recycling Resources Company Limited (“Intco” or “the Company”) (https://www.intco.com.cn/en) is a manufacturer of recycled plastics, especially recycled polystyrene (r-PS) and recycled polyethylene terephthalate (r-PET). In Malaysia, Intco has an existing facility with 72,000 tons of rPS capacity and 50,000 tons of rPET capacity located in Klang, State of Selangor.  IFC proposes to support Intco with up to US$70 million CNY. The proposed use of proceeds include: 1) expansion of Intco's production capacity for 100,000 tons of r-PET in Malaysia by developing a greenfield facility located in Bating, State of Selangor; and 2) working capital (“the Project”).

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