Intco Recycling Resources Co., Ltd. Class A
SSSE:68808727.05
CNY
+0.70
(+2.66%)
Intco Recycling Resources Co., Ltd. Class A
SSE:688087
(Shanghai Stock Exchange)
Recent
price
27.05
P/E
ratio
- -
div
yld
1.49%
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Shandong Intco Recycling Resources Co., Ltd. engages in the recycling, regeneration, and utilization of renewable plastic resources, with a primary focus on expanded polystyrene (EPS) foam recycling. Founded in 2002 and headquartered in Zibo, Shandong Province, China, the company operates five major manufacturing bases across Shandong, Shanghai, Jiangsu, Anhui, and Malaysia. Its core products and services include EPS foam compactor machines; recycled EPS pellets; recycled products made from polystyrene such as decorative and picture frame moldings, picture frames, and mirrors; recycled PET products; and construction materials derived from recycled plastics. The company also offers recycling services encompassing collection, sorting, processing, and sales of recycled raw materials, operating a vertically integrated supply chain to maximize recycling efficiency. In recent years, Shandong Intco Recycling has expanded its product lines to include sustainable products like home decoration items and construction materials made from recycled EPS. The firm processes over 300,000 tons of EPS waste annually and has increased its recycling capacity by acquiring new recycling facilities, boosting production output by approximately 30% in 2023. It continues to invest heavily in recycling technology innovations and advanced processing equipment such as shredders, extruders, and pelletizers. In 2024, the company showcased innovations at the Chinaplas exhibition, highlighting its commitment to industrial leadership in recycled plastics. Its revenue exceeded ¥2.5 billion as of 2022, reflecting strong growth fueled by expanding domestic and international markets. Strategic initiatives include partnerships with over 2,500 suppliers and customers worldwide, enabling the company to promote circular economy practices and sustainability awareness globally. Shandong Intco Recycling’s ESG and sustainability efforts have earned it multiple corporate governance awards, and it aims to recycle 50% of polystyrene products by 2025, contributing significantly to carbon emissions reduction. The company is committed to ongoing capacity expansion, targeting a 30% increase in recycling volumes within the next five years, aligning with China's environmental policies. Its global footprint encompasses Asia and export markets in Europe and America, positioning it as a leading player in the high-tech recycled materials sector. In summary, Shandong Intco Recycling Resources Co., Ltd. is a leading manufacturer and recycler of EPS and other plastic waste through innovative recycling technologies and sustainable product offerings. Its comprehensive product portfolio, geographic presence, and recent strategic expansions underscore its role as a major participant in the global circular economy and environmental sustainability sector. The company continues to invest in technology and capacity enhancements, driving industry growth while maintaining strong financial performance and operational excellence.