HATC SAMPLE EDITION:
   Politics & Foreign Relations

   Economic News

   Business News

   Other News of Interest

   All stories


3rd November, 2025

MOL to close plastic recycling plant



MOL will shut down ReMat’s plastic waste recycling facility in Tiszaújváros by the end of December, citing sustained losses, despite efficiency measures.

The company told website Mfor that profitable operation is unrealistic under current market conditions.

MOL acquired ReMat, Hungary’s leading plastic-recycling firm, in 2022.

The company with 200 employees processes up to 25,000 tons of plastic annually, and maintains production sites in Tiszaújváros and Rakamaz, along with a logistics centre in Bratislava.

ReMat reported a Ft 1.3 billion loss from revenue of Ft 4.1 billion in 2023, followed by a Ft 556 million loss from revenue of Ft 3.7 billion last year.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

Contact Free Trial Subscription