# Alpla forms €7.5M PET recycling joint venture with Ecohelp and UPT in Romania

Alpla, Ecohelp and United Polymer Trading (UPT) formed a joint venture, PET Recycling Team Targu Mures, investing a combined EUR 7.5 million in a plant in Targu Mures, Romania. Production is scheduled to start around mid-2022.

- Type: Acquisition
- Announced: 2021-10-14
- Where: Targu Mures, Romania
- Value: $8.80M (7.50M EUR)
- Status: announced
- Products: recycled PET
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [ALPLA](https://endata.com/companies/889.md) (partner)
- [Ecohelp SRL](https://endata.com/companies/8401.md) (partner)
- [United Polymer Trading AG](https://endata.com/companies/8402.md) (partner)

## Sources

- [ceelegalmatters.com](https://ceelegalmatters.com/romania/18086-cms-advisesalpla-on-joint-venture-with-ecohelp-and-upt), 2021-10-14: "the three partner companies are investing equally in the plant, with a combined total of EUR 7.5 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.