Sri Lanka freight group expands recycling business

Oct 13, 2011 (LBO) – Sri Lanka’s Expolanka Holdings has expanded and renamed its recycling subsidiary and also intends to venture into recycling electronic waste or ‘e-waste’. Group unit Neptune Papers has been rebranded as Neptune Recyclers and has moved into recycling plastic, polythene and scrap metal in addition to its existing waste paper business, a statement said.

The company has also opened its new Neptune Recycling Centre in Wellampitiya, in Colombo.

Expolanka group chief executive Hanif Yusoof said that in the last two years the company has become one of the biggest recycling service providers.

“This new recycling center will enable them to provide an even better service.

Neptune Recyclers exported 15,000 metric tons of waste paper in 2010.

The launch of the ˜Neptune Green Home’ service to promote the 3R concept of Reuse-Reduce-Recycle to houses in Sri Lanka has helped residents to recycle their day to day solid waste items, the statement said.

“Plans underway to venture into ‘E-Waste’ recycling,” it said, adding that studies have been completed to venture into e-waste recycling.

“Neptune hope’s to work closely with the r