PRESS RELEASE – JSP and GENERAL-INDUSTRIES DEUTSCHLAND reinforce recycling partnership

The producer of plastic foams JSP (Tokyo, Japan) acquires a stake in the leading European EPP recycler General-Industries Deutschland GmbH (Kassel, Germany) / Investment secures market access to high-quality recyclates and is in line with the Group’s Vision2027 and sustainability strategy.

On 16 January 2024, JSP International GmbH & Co KG (Düsseldorf, Germany), a consolidated subsidiary of JSP Corporation (Tokyo, Japan; www.jsp.com) acquired a 30% stake in the foam recycling (EPP / EPE) business of General-Industries Deutschland GmbH (Kassel, Germany; www.general-industries.de). In the preliminary stages of this transaction, GID carved out its non-foam business into General-Industries Polymere GmbH (Kassel, Germany).