Scotland’s first industrial-scale tyre recycling plant is aiming to increase revenues by 92% over the next 12 months, after securing a £370,000 funding deal with Reward Finance Group.
Motherwell-based UK Rubber (UKR), which has more than 40 years’ experience within waste management and tyre recycling, is utilising the working capital facility provided to invest in new machinery, bolster production and increase its workforce by 30%.
The company helps businesses across Scotland reduce carbon emissions by managing waste tyre collection and disposal, As part of its recycling process, its solution extracts the steel fibres from each tyre and transforms the rubber into chippings and crumb to suit a range of purposes.
