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    8015   JP3635000007

TOYOTA TSUSHO CORPORATION

(8015)
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Delayed Japan Exchange  -  01:00 2022-11-30 am EST
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Toyota Tsusho : Toyotsu PET Recycling Systems Starts Full-Scale Operation of Horizontal PET Bottle Recycling Plant- Contributing to the Realization of a Circular Economy through Horizontal Bottle-to-Bottle Recycling -

10/23/2022 | 10:10pm EST
  • Chemicals & Electronics

2022-10-24

Toyotsu PET Recycling Systems Co., Ltd. ("Toyotsu PET Recycling Systems") announced today that it held a ceremony on October 22 to celebrate the completion of its new horizontal PET bottle recycling plant.

Toyotsu PET Recycling Systems, a manufacturing company of recycled PET for beverage bottles, was jointly established in 2020 by Toyota Tsusho Corporation ("Toyota Tsusho"), Utsumi Recycle Systems Inc., Chuo Warehouse Co., Ltd. and others.

In Japan, approximately 97% of disposed PET bottles are collected, of which 88.5% are recycled (98% as an effective utilization rate when heat recovery included). However, only 15.7% of PET bottles are horizontally recycled from PET bottle to PET bottle*.

Toyotsu PET Recycling Systems started its full-scale operation at the beginning of October this year. It will contribute to the circular economy through horizontal recycling of disposed PET bottles in Japan, which were previously exported overseas. The plant aims to produce approximately 40,000 tons of recycled PET resin annually for PET bottles.

Toyotsu PET Recycling Systems and Toyota Tsusho contribute to providing consumer convenience, as well as to the realization of a circular economy, by promoting the horizontal recycling of PET bottles in order to pass on a better global environment to the children of the future.

*Reference: PET Bottle Recycling Annual Report 2021 (The Council for PET Bottle Recycling)

Overview of Toyotsu PET Recycling Systems Co., Ltd.
Company Name
Toyotsu PET Recycling Systems Co., Ltd.
Representative Director & President
Hikoji Kosaka
Shareholder Composition
Toyota Tsusho, Utsumi Recycle Systems, Chuo Warehouse, and others
Business Contents
Production of recycled PET resin for beverage bottles
Location
1680-1 Kannondaira, Toriihira, Hino-cho, Gamo-gun, Shiga
Site Area
Approx. 90,000㎡
Number of Employees 65(as of August 2022)
Treatment Capacity Recycled PET resin for beverage bottles 40,000 t/year
Exterior view of Plant
The completion ceremony

The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.

Disclaimer

Toyota Tsusho Corporation published this content on 24 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2022 02:09:01 UTC.


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Sales 2023 9 126 B 65 947 M 65 947 M
Net income 2023 253 B 1 829 M 1 829 M
Net Debt 2023 1 524 B 11 014 M 11 014 M
P/E ratio 2023 6,99x
Yield 2023 3,44%
Capitalization 1 840 B 13 299 M 13 299 M
EV / Sales 2023 0,37x
EV / Sales 2024 0,35x
Nbr of Employees 65 218
Free-Float 62,7%
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Last Close Price 5 210,00 JPY
Average target price 5 928,57 JPY
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Ichiro Kashitani Manager-Automotive Planning
Hideyuki Iwamoto Manager-Corporate Planning
Nobuhiko Murakami Chairman
Kumi Fujisawa Independent Outside Director
Kunihito Komoto Independent Outside Director
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