£5m invested in recycler takeover
A group of South African investors has announced a £5m investment in Northern Ireland, creating 12 jobs.
The group has taken ownership of Coleraine Skip Hire and Recycling Limited, which they are expanding under a new name, RiverRidge Recycling.
The operation will now include a recycling centre and transfer station and will offer full service product recovery and waste management to public and private sector organisations.
The company aims to reduce waste-to-landfill by up to 80% in Northern Ireland.
Managing director Brett Ross said: “We are no strangers to the shores of Ireland but this is the first time that we’ve invested in Northern Ireland.
“It was an easy decision in |that it is a strong market and |we see great opportunity for growth.
“The Government has set ambitious targets to both reduce landfill and to diversify our fuel sources.
“We believe we can help local organisations including councils and schools that are looking for a simple and efficient way to improve recycling performance, achieve environmental compliance and control costs.
“Northern Ireland will be able to benefit from our cutting-edge technology, which not only reduces the unnecessary use of landfill sites but also recycles said unwanted items.”
Mr Ross said the company was committed to diverting waste from landfill and was already in talks with a number of companies about “cost-effective commercial waste bin removal”.
The director also said it was important for the company to have a positive effect on the Northern Ireland economy.
“To date, we’ve invested heavily in Northern Ireland and the local community. The majority of our suppliers and employees are all from the local community,” said Mr Ross.
“It is important to us that the community sees what we are doing and that it will have a positive effect on the local economy, through job creation and reducing waste.”
The company describes this as the first phase of a long-term strategy for growth, which has already seen the current workforce grow from 20 to 32, with further plans for recruitment.