Plastics and recycling company Loop Industries to create 180 jobs at new French site

Loop Industries

16/01/2022 21:00

PARIS, Jan 16 (Reuters) - Plastics production and clean
technology company Loop Industries  LOOP.O  said it had decided
to establish a new site in Normandy, northern France, which
would create 180 full-time jobs.
    Loop Industries added the new site at Port-Jérôme-sur-Seine
would receive around 250 million euros ($286.4 million) worth of
investments and would focus on manufacturing recycled
polyethylene terephthalate ('PET') plastic and polyester fiber.
    "I am delighted that this new facility will benefit the
strong French ecosystem of packaging: this investment will
contribute to the transition of our country towards a more
sustainable, low-carbon economy," added French junior industry
minister Agnès Pannier-Runacher in a statement.
    ($1 = 0.8728 euros)

 (Reporting by Sudip Kar-Gupta;
Editing by Dominique Vidalon)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))