A Tyneside recycling and haulage business will create 20 new jobs thanks to a multimillion-pound funding package.
Gateshead-based GAP Group, which specialises in recycling electronic waste, will use the £10m-plus finance deal from HSBC to purchase a new 50,000 sq ft polymer and metal separation plant that will separate the plastic components of electronical goods.
With the new machinery, the company will be able to safely breakdown difficult to recycle rigid plastics, melt them, and sell the raw material onto manufacturers to be used again in new products. The plant will be ready to use at the end of May, creating 20 jobs within the company – and it will also mean the business no longer has to ship certain parts of waste overseas to be recycled.
