JOINT VENTURE FOR INNOVATIVE PLASTICS RECYCLING PROMOTES CIRCULAR ECONOMY IN THE CONSTRUCTION INDUSTRY

Core Insights - Sika and Sulzer have established a joint venture to enhance plastics recycling in the construction industry, combining Sika's expertise in polymer applications with Sulzer's knowledge in chemical recycling [1][3] - The joint venture aims to address the significant issue of plastic waste in the European construction sector, which generates approximately two million tons of plastic waste annually [2] - Operational activities for the joint venture are set to begin in the second half of 2025, with pilot projects planned in Germany, Austria, and Switzerland [1] Company Profiles - Sika is a specialty chemicals company with a leading global position in developing and producing systems and products for the construction sector, generating sales of CHF 11.76 billion in 2024 and employing over 34,000 people [9] - Sulzer is an international provider of critical applications for core infrastructures, focusing on energy efficiency and carbon emission reduction, with sales of CHF 3.5 billion in 2024 and a workforce of 13,500 [10] Industry Impact - The joint venture will create a systematic approach to recycling construction plastics, closing gaps in the value chain and providing a comprehensive service package to customers [7] - By converting waste into high-quality raw materials, the initiative aims to reduce Scope 3 CO₂ emissions and support companies in meeting increasing ESG standards [4]