MOL Group signed purchase agreement and took over the German company Aurora, a recycled plastic compounder. The move will enable MOL to widen its range of polyamide and polypropylene compounds and strengthen its position as a supplier to the automotive industry. The purchase price hasn’t been revealed on this deal, which still needs to be approved by anti-monopoly regulators. MOL is looking to increase its use of recycled materials as it shifts to a more environmentally friendly mode of business and plans new investments of around $4.5bn by 2030.
