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US Adama Tech targets Romania for tyre recycling

US clean tech company Adama Technologies Corporation has signed a letter of intent with local entrepreneurs in Romania to establish tyre recycling factories throughout the country

October 2010 - From the Print Edition

The company intends to set up the first factory in 2011 and three new sites by 2012, which will target revenues of 100 million Euro annually.
The US group expects the investment to be part-financed by using EU funds and cash from local government.
“Adama’s cooperation with Romania and the EU marks a significant milestone in the company’s goals to expand technology portfolio and open additional markets across the globe,” said Aviram Malik, CEO of Adama Technologies.



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