Weig partners with Lidl-parent Schwarz group

Weig Recycling is supplying the recovered fibre
to the group's board mill in Mayen; symbolic image.
30 Jan 2019 − 

Recycling companies Green Cycle and NWD plan to jointly create and operate an online trading platform for non-hazardous waste materials.

Green Cycle Holding, subsidiary of the German retail giant Schwarz group, and the Nord-Westdeutsche Papierrohstoff GmbH & Co.KG, (NWD), a company of the Weig Group, intend to set up a joint venture company and create an online trading platform for waste materials. Green Cycle is to hold 51% and NWD 49% of the shares in the new company.

The planned JV was notified to the European Commission on 25 January. It will be reviewed under the simplified procedure with the provisional deadline set for 1 March.

Schwarz group, the parent company of the Lidl and Kaufland grocery chains, gained significant weight on the recycling market in Germany last year when its subsidiary Green Cycle acquired Tönsmeier, the country's fifth largest waste management company.

NWD Papierrohstoff is the recycling business unit of the Weig group, a major recycled board and packaging company in Germany. According to Weig, it collects and process some 930,000 tpy of recovered fibre. Weig Karton produces a total of 630,000 tpy of white-lined chipboard and plasterboard liner on two machines at its site in Mayen.

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