There’s no question that the past year has been a challenging one for businesses of all types. Nevertheless, we’re excited to announce that EREMA Group increased annual revenue by more than 20% in the last fiscal year all while maintaining a focus on the safety of all of our employees and customers.
There are approximately 7,000 EREMA systems in operation around the world, supported by 660 EREMA Group employees. The growth of the EREMA business is driven by the high quality of the recycled pellets delivered by our technologies, which enables recycled plastics, including difficult-to-process post-consumer plastics, to be safely used in important high-volume packaging applications such as cosmetics and foods. This can be seen, for example, in the increase of orders for INTAREMA® TVEplus® systems with ReFresher for the production of odor-optimized recyclate. The recycling capacity of these systems sold during the past fiscal year alone is 250,000 tonnes per year.
In order to support this growth, EREMA operations around the world are expanding both manufacturing and services space, including at our North American headquarters in Ipswich, MA.
Expanding EREMA's Capabilities in North America has Begun!
We're Adding 10,000 Sq Ft. of Additional Services, Product Demonstration and Customer Testing Capabilities for 2021