The Mathe Group’s Hammarsdale plant, in KwaZulu-Natal, has quadrupled employment and more than doubled output since coming on stream in 2016, says the tyre recycler.
Dr Mehran Zarrebini, head of British investment group PFE International, which is one of the major shareholders in the Mathe Group, says the recycling of tyres could evolve into a growth industry in South Africa, despite the liquidation of REDISA.
Zarrebini says many people believe that the recycling of tyres in South Africa is not sustainable because of limited demand for rubber crumb and substantial set up costs.
Initially,...
Dr Mehran Zarrebini, head of British investment group PFE International, which is one of the major shareholders in the Mathe Group, says the recycling of tyres could evolve into a growth industry in South Africa, despite the liquidation of REDISA.
Zarrebini says many people believe that the recycling of tyres in South Africa is not sustainable because of limited demand for rubber crumb and substantial set up costs.
Initially,...
