Renault, Sita and Indra to collaborative on ELV recycling in France
05-MAR-2008
Three companies – Renault, Sita and Indra – are looking to pool their respective expertise and resources. The joint venture's development is expected to lead to a largely self-financed investment of €100 million over a period of five years.
Renault and Sita France (a subsidiary of Suez Environnement) have announced a project to form an equally-owned joint venture aimed at speeding up the development of end of life vehicle (ELV) treatment in France.
To assist its development, this joint venture would take control of Indra Investissement SAS, a company which has been active in the dismantling of vehicles for more than 20 years and which has been behind some of the industry's most innovative solutions.
Their target is recovery of 95 per cent of all vehicles by 2015.
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