Genan's objective is, in accordance with our vision, to process 10% of all scrap tyres in the world before the end of year 2020. In Western Europe and in the USA, operations will take place in 100% company-owned and company-operated plants. In the rest of the world, Genan is looking for turnkey partners, who have great local market knowledge, and who wish to invest in the world’s leading tyre recycling technology.
Genan is thus looking for partners in Asia, the Middle East, Africa, South America and some countries in Eastern and South-East Europe (Russia, the Baltic countries, Ukraine, Belarus, the Balkan countries, Hungary, Romania, Bulgaria and Turkey).
Genan will be prepared to participate in joint venture constructions with an ownership of up to 35%, provided that conditions regarding equity, service agreements, legislation etc. are fulfilled.
Cooperation with Genan does not only involve the construction of a ready-to-operate recycling plant. It gives access to more than 20 years of know-how in all aspects which are relevant for the operation and the management of the business.
Maintenance service packages are offered 24 hours a day, 7 days a week, for a fixed fee per tonne of input. This will include the exchange of all wearing parts, knives etc. as well as regular service for the whole operation.
Cooperation with Genan also includes access to Genan’s customer network of global partners who purchase Genan rubber powder and granulate, steel and textile. Genan invests huge resources in the ongoing product development of high-value applications for the output, and our turnkey partners will naturally profit from this knowledge bank.
Danish pension fund PKA, accountancy firm Deloitte and the group of bank lenders have signed an agreement to secure Genan’s future, safeguarding jobs and preserving the company. At the same time, a new Chairman of the Genan Board of Directors has been instated.
The operating company Genan A/S, which is part of Genan Gruppen, the largest corporation in the world within car tyre recycling, and its sister company, Genan Business & Development A/S, which handles business development and sales of turnkey plants, has today handed in the 2013 annual accounts for the Danish companies to the Danish Business Authority (Erhvervsstyrelsen).