Business Irish

Thursday 22 March 2018

Repak's surplus jumps to over €1.7m

Seamus Clancy, CEO of Repak.
Seamus Clancy, CEO of Repak.
Paul Melia

Paul Melia

Almost 800,000 tonnes of packaging waste was recovered and recycled last year, helping Repak record a surplus of more than €1.7m.

The recycling group said householders and businesses had increased recycling rates, with notable gains in plastics.

Overall, 794,848 tonnes of packaging was recovered last year, up more than 32,000 tonnes. Of this, almost 594,000 tonnes was recycled, with households increasing recycling levels by 17,856 tonnes to 256,119, an increase of 7.5pc on 2015.

The Repak annual report also confirmed that 70pc of packaging waste was recycled and 90pc recovered last year. This outperforms government targets of 65pc and 75pc respectively.

"2016 was a very strong year for recycling and recovery in Ireland," said CEO Seamus Clancy .

"We've come long way since 1997, when less than 100,000 tonnes of packaging was being recycled annually, but thanks to ongoing efforts from the public and our public awareness campaigns on best recycling practices, recycling and recovery of packaging continues to improve."

The firm, which is funded by members, recorded a surplus of €1.757m last year, aided by higher member fee income than expected and lower than forecast recycling costs.

Repak said the introduction of a new sales structure to focus on membership recruitment, and co-ordination of enforcement with local authorities, resulted in membership numbers growing for the first time since 2009 with 2,111 members, an increase of 135.

Members receive a rebate for providing information on packaging statistics in a timely manner, and paying invoices on time. Rebates totalled €1.1m last year.

It also has two new board members - Christine Heffernan from Tesco Ireland, and Matthieu Seguin, of Coca-Cola Hellenic Ireland.

The not-for-profit scheme has diverted more than 10 million tonnes of used packaging from landfill since being formed in 1997.

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business