Hungarian oil and petrochemicals group MOL (Budapest; www.molgroup.info) has completed its acquisition of German recycling and compounding company Aurora (Neuenstein; www.aurora-kunststoffe.de). MOL said the transaction strengthens its position in the recycled compounding segment as well as in the automotive supplier industry (see Plasteurope.com of 17.04.2019). The company plans to grow the Aurora business in Germany as well as expand to Central and Eastern Europe.

Aurora has production plants located near automotive manufacturing and plastics conversion clusters in the southern German state of Baden-Württemberg. It collects the industrial plastics waste – mainly polyamide but also PBT, POM, polycarbonate and PC/ABS blends – recycles it and then upgrades the properties of the material into a polymer that suits the requirements of the customers in the car manufacturing industry. “The recyclate-based products of Aurora greatly complement our current product line, underlining our increasing efforts towards sustainable development,” said Ferenc Horváth, executive vice president of MOL’s downstream group.