Company briefs - 2011-05-26

Estonia’s first site for recycling low-grade plastic waste has opened in Jarva County, reports ERR. The factory operates using Estonia-developed technology aimed at reduction of sorting problems. The facility is jointly owned by municipal enterprise Vaatsa Prugila and recycling expert company Rexest Grupp. The factory will recycle raw materials, mainly household produced, to manufacture plastic flakes for various industrial applications. Rexest Grupp-offered technology allows recycling different types of packaging, such as yogurt tops, plastic bags and ketchup bottles to be processed together, thus eliminating the sorting process. If not recycled, low-grade plastic continues to be sent to landfills or burned.

Computer hardware and software wholesaler Elko Grupa posted 787 million dollars in consolidated turnover in 2010, reports Nozare.lv. The company’s profit reached 10 million dollars, Elko Grupa’s President Egons Mednis said. Elko Grupa’s sales increased 25 percent, compared to 2009. The company exceeded its goals and returned to stable growth. In 2011, the company plans to increase its turnover by 25 percent. During the last few years, the company’s main task was to maintain its position on the market.  This year, the company plans to increase its market share and carry out a strategy of growth and development, emphasizes Mednis. Elko Grupa was established in 1993 and is one of the largest IT product distributors in the Baltics, Central and Eastern Europe and Commonwealth of Independent States (CIS).