"PET Baltija" JSC – one of the leading polymer recycling companies in Northern Europe
"PET Baltija" JSC is one of the largest PET bottle recycling companies in Northern Europe. "PET Baltija" JSC is located in Latvia which has become one of the leading polymer material recycling centres in Northern Europe, where professional competence, technologies and innovations are combined in one place.
One of our most significant advantages is the strategically important location for business which is oriented towards the developed economies of the European Union (EU) member states and the developing markets of our Eastern neighbours. Latvia has naturally become a gate between the USA, EU, and Asia (CIS countries).
Recycling company "PET Baltija" JSC aims to become the most proficient polymer recycling company in Northern Europe offering products that are most in-demand. We cover the largest market share in the Baltic states and a market share of 2% in the European market.
Eco Baltia
AS Eco Baltia is the largest environmental and waste management group in the Baltics in terms of turnover ensuring full waste management circle from waste collection and sorting to secondary logistics, wholesale and recycling of raw materials.
In 2021, combined (pro-forma) sales of Eco Baltia group reached approximately 150 million euro, which was two times higher than in 2020, when this indicator was 75 million euro. This was partially enhanced by the acquisition of the leading Lithuanian waste manager Ecoservice in August 2021. In September 2022, the group expanded further, with its PET recycling arm AS PET Baltija, one of the largest PET recyclers in Northern Europe, completing the acquisition of a leading Czech fibre producer TESIL Fibres.
The group companies employ more than 2,200 employees in Latvia, Lithuania, and Czech Republic. Its leading companies are AS PET Baltija, SIA Eco Baltia vide, AS Latvijas Zaļais punkts, SIA Nordic Plast, Sigulda municipal SIA JUMIS, Czech TESIL Fibres and Lithuania-based UAB Ecoservice.
Shareholders of Eco Baltia are private equity fund INVL Baltic Sea Growth Fund (52.81%), the European Bank for the Reconstruction and Development (30.51%) and management of the company (16.68%).
Eco Baltia is a group of socially responsible companies, which operates according to the principles of good management and sustainable development in its operations, as well as improves its internal processes in this industry. Eco Baltia’s partners, their employees and subcontractors must follow the developed Code of Conduct (Code) in their business activities to promote environmental protection and socially responsible business practices.
