Beauparc, the parent company of Panda, Greenstar and Irish Packaging Recycling, has announced plans to invest more than €300 million in its facilities over the next four years.
The major capital expenditure programme will see €160m invested in Ireland and will lead to the creation of 300 Irish-based jobs.
The company said the investment will significantly boost its ability to efficiently recycle additional waste materials, expand its overall handling capacity, improve its existing processing capabilities, and enhance the business's role in the circular economy.
Beauparc, which was established in Co. Meath over 30 years ago, currently has almost 3,000 employees across 70 locations in Ireland, Britain and the Netherlands.
The planned investment programme will create around 500 new jobs across the group.
"Beauparc is a circular economy business, and this major investment programme will help us to further reduce disposal, recycle even more materials across our operations, and help position Ireland in the top tier of recycling nations," said Beauparc Chief Executive Brian McCabe.
"This is the largest investment programme in Beauparc’s history and will enable the group to maximise the amount of material than can be recycled in areas such as plastic waste, construction waste, wood products and organic waste," Mr McCabe said.
A significant element of the investment programme will be directed towards delivering enhanced plastics recycling capabilities in Ireland.
Beauparc said it also plans to invest in new processing facilities for municipal solid waste, construction and demolition waste, and enhanced processing facilities for metal waste, wood waste, biological waste and medical waste in the Irish market.
