Green Projects Tyres Herco & Mavin


Published on

These sister companies occupy 85% of my time. Take a look.

  • Be the first to comment

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Green Projects Tyres Herco & Mavin

  1. 1. Capital Connect Venture Managers Presentation of investee companies ese tat o o estee co pa es Capital Connect Venture Managers 6, Pontou street 14563 Kifissia - Athens, Greece Tel +30 210 6254063 Fax +30 210 6254763 e-mail: www capitalconnect gr
  2. 2. Capital Connect A €24m VC fund, with a closing in 2003 and an investment period until 2010 Capital Connect’s investors are the New Economy Development Fund ( – a €150 million Greek state sponsored Fund of Funds) and high net worth individuals The fund invests in Greek SMEs in the fields of medical devices, consumer goods, software, energy and recycling Current Investment portfolio: – Tyres Herco SA www herco gr a tyre recycling company that converts 400 000 SA,, 400,000 old tyres into rubber granules, steel and fine powder products for industrial use. – Mavin SA,, a company that recycles Brewers yeast to a high p protein feed supplement, sewage sludge into fertilizer and organic waste into pp , g g g energy 2
  3. 3. Tyres Herco – Meet Tyres Herco SA, a company that helps solve one of the world’s most pressing environmental challenges, namely to safely recycle some of the one billion waste tyres produced in the world each and every year. For recent video of our f id f factory please f ll l follow this li k hi link
  4. 4. Tyres Herco – data sheet Based in the industrial area of Patras (adjacent to Mavin), a greenfield project with a 1.650m2 plant over 11.000m2 of land. Test production begun in Jan ’08 - Full production in May ’08 Jan. 08 08 The most modern plant in the area, it recycles more tyres than any other plant in Greece brings results by always operating “by the book”. It produces rubber crumb according to FIFA specifications for use in athletic fields crumb, fields. The use of rubber in asphalt and the momentum of ‘green rubber’ can catapult the use and value of its products Total capitalization of €5.2 million 4
  5. 5. Tyres Herco – the tyre problem Tyres, designed for a rugged life of use under a car, are made of vulcanized rubber. That means that rubber tyres can sit around for thousands of years, and never p decompose. Discarded tyres retain water, serving as a perfect breeding ground for mosquitoes and other pests. The steel liners in the tyres are prime culprits for tearing the protective lining at the bottom of a landfill, giving harmful substances the opportunity to leach into the g ,g g pp y soil. The oily residue left on the tyres enters the ground as well, and runs off into our water supplies. The tyre recycling solution is a real win-win proposition for everybody. Tyre users y y g p p y y y have a safe, legal way to discard their used tyres. Recycled rubber manufacturers have discovered an entirely new niche using cheap and plentiful raw material. 5
  6. 6. Tyres Herco – plant Herco is a state of the art plant, built from mid-2006 to early 2008 using the most modern technology available. To ensure the highest purity, Tyre Herco uses German technology by Amandus Kahl GmbH and produces crumb rubber granulates as per ISO 9001 and y p g p certified by SGS as per DIN and FIFA requirements with a view that most of its products will be exported. The new plant is located in Patras, Greece’s third largest port. It has a recycling capacity of p , g p y g p y approximately 21,000 tons of tyres a year - about 400,000 individual casings - producing 13,000 tons a year of rubber granules, steel and fine powder products. By-products stripped from shredded tyres are scrap steel and textile fibers from the tyre beads and reinforcement, which are also recycled and re-used. 6
  7. 7. Tyres Herco – raw material that pays Tyres Herco is part of Ecoelastika network set up in Greece which is responsible for the proper treatment of used tyres, according to EU regulation. This network was established by tyre importers in 2004. y p The network is responsible for recycling used tires from the moment they become useless for vehicles until the moment they end up at the recycling factories. From 2006 in Greece, dumping used tyres in wastelands is forbidden. p g y Tyres Herco is paid by Ecoelastika a ‘gate fee’ for incoming tyres. 7
  8. 8. Tyres Herco – production The plant manager has managed to deliver consistent high quality material for our ever- demanding customers and satisfied partners Tyres Herco’s production line works 24/7 (21 shifts / week) and as a result recycles Herco s more tyres than any other plant in the region. Its reputation is that of a company that brings results by always operating “by the book”. The facility houses a laboratory and an experienced technical team committed to helping customers formulate custom products suitable for their needs. Herco’s output from its production line is: - 60% rubber crumbs – sold mainly for athletic turf fields and playground surfaces - 15% light melting steel scrap - sold to local and international plants that melt and reuse it - 25% textile rubber – sold as alternative fuel 8
  9. 9. Tyres Herco – 100% renewable products Rubber: Our main product is valuable rubber crumbs, free from steel wire and textile. They are used in various applications such as car p parts, floor coverings, road building, port fenders, insulation, mats, , g , g, p , , , moldings, equestrian landscaping and turf applications, carpet underlay, sports and playground surfaces, etc. Timberland is basing its latest advertising campaign on the use of rubber powder in its soles. When you see the Timberland Green Rubber icon it means the outsole is made with 50% Green Rubber material, which contains at least 85% rubber from old tyres. Steel: There’s more to tyres than just rubber. Tyre Herco’s unique system, extracts every strand of high tensile steel from tyres of all kind. These are then on sold to steel manufacturers who understand the true value and quality of this steel steel. Synthetics (Textile rubber): Most tyre recyclers don’t understand the true worth of the synthetic fibers found in tyres. We do, which is why we use this valuable resource as alternative fuel
  10. 10. Tyres Herco – other product use examples
  11. 11. Tyres Herco – sales We focus our efforts in international vs local sales for the majority of our products, mainly due to the fact that our superior quality is suitable by all p q y y major clients abroad (as per FIFA requirements) and their payment terms are favorable compared to the local ones. We now export to satisfied customers to over 20 countries from Europe, the Middle East, Africa and Asia. Rubber prices do not fluctuate more than 20% and are expected to increase dramatically when the Ministry of Public Works in Greece follows the example of the USA and European countries and starts utilizing rubber powder in asphalt asphalt. The light melting steel scrap’s lower prices are expected to increase in the years to come
  12. 12. Tyres Herco – use in asphalt Rubber powder can be used as raw material in various applications, such as Rubberized Asphalt Concrete (RAC). This pavement material consists of regular asphalt concrete mixed with rubber powder. This will result to a significant increase of the value of p g our products. Use of rubberized asphalt was pioneered in the 1960's because of its high durability. Other benefits of Asphalt Rubber: p Reduction of road noise up to 12 Decibels Increased elasticity and resilience at high temperatures. Improved resistance to surface initiated and fatigue/reflection cracking due to higher binder contents and elasticity elasticity. Reduced temperature susceptibility / Improved durability Increased viscosity that allows greater film thickness in paving mixes without excessive drain down or bleeding. Improved aging and oxidation resistance due to higher binder contents, thicker binder films, and anti-oxidants in the tyre rubber. Improved resistance to rutting (permanent deformation) due to higher viscosity, softening points and resilience (stiffer, more elastic binder at high temperatures). Lower pavement maintenance costs due to improved pavement durability and performance. Improved safety due to better long-term color contrast for pavement markings because rubber acts as a pigment that keeps the pavement black longer. Savings in energy and natural resources by using recycled products
  13. 13. Mavin – Meet Mavin SA, a company that recycles waste into useful raw materials through its state-of-the-art production lines. Brewers yeast becomes a high-protein food supplement, Sewage sludge turns into fertilizer and Organic waste turns into energy
  14. 14. Mavin – data sheet Based in the industrial area of Patras (adjacent to Tyres Herco), a greenfield project with 1.250m2 plant over 11.000m2 of land. The yeast (line 1) is operational since July ’09 The sewage sludge (line 2) was 09. competed in September ‘09 and the waste to energy (line 3) is approved but not yet built. Recycles all the yeast of the largest brewery in the country and negotiates a contract to recycle the sewage sludge of municipalities in the Peloponnese. Total capitalization of €7m 14
  15. 15. Mavin – plant Mavin is a state of the art plant, built from mid-2007 using the most modern technology available. It has two production lines and has obtained the environmental permits and g grant approval to construct and operate a third. pp p 1. A brewers yeast drying line – operational since Jan 2009 2. A sewage sludge drying and neutralization line – in test production since Sep 09 3. An organic waste to energy line – Environmental permits secured, grant approved The plant is located in the Industrial Area of Patras, Greece’s third largest port. It has a capacity to: 1. recycle 5,000 tons of brewers yeast / annum 2. recycle 25,000 tons of sewage sludge / annum 3. 3 produce 6MW of fuel power 15
  16. 16. Mavin – 1. brewers yeast line Breweries cannot easily sell their 'wet' yeast, but rather prefer to sell to an intermediary like Mavin who dries and sells it as an additive using German technology by Ponndorf GmbH ( ( p g ) Brewer’s yeast has multiple applications and is currently sold as a high-protein additive to aquaculture companies and animal feed producers. It is also used by horses and pets and results to higher endurance, increased activity, better digestion and a healthier hair coat. g , y, g Our collaboration with top breweries in Greece (makers of Heineken, Amstel, etc) guarantees the quality of the raw materials. Mavin’s plant complies with the ISO 9001:2000 and HACCP standards, which guarantees the quality of the final products. , g q y p
  17. 17. Mavin – 2. sewage sludge line Municipalities and local industrial plants have a great problem with the sewage sludge that originates from their sewage treatment plants. Mavin solves this problem by transporting the sewage sludge from their premises to its state-of-the-art facilities and then neutralizes and converts it into high quality fertilizer. The company has a capacity to recycle up to 25.000 tons per annum - the needs of a city - using German technology by UMAG ( Drying is achieved by contact with steam-heated stainless steel disc dryers, technology that removes the moisture up to the desired rate of 10%. h d d f
  18. 18. Mavin – 3. waste to energy line Mavin has secured an environmental and a grant approval to construct and operate a waste to energy line. This is achieved by a high-tech waste incinerator with special flue gases treatment that is built according to the strict European Union regulations and has the ability to burn a wide range of waste: Organic, slaughter house, super market, hospital, industrial and biomass to name a few. Tyres Herco is expected to provide Mavin with ample and cost- effective fuel namely its textile rubber product. This environmentally friendly energy system reduces the volume of the original waste by b 93%, guarantees zero pollution, while producing 6MW of f l power. ll hl d f fuel 18
  19. 19. Herco & Mavin {innovative solutions to environmental problems} The two sister recycling companies share management, employees and resources. With intelligent use of top-of-the-line technology they solve demanding environmental problems. Tyres Herco, the most modern and efficient plant in the Balkan region produces superior quality products for export. The use of rubber in asphalt and the momentum of ‘green rubber’ can increase dramatically the use and value of its products. Mavin’s yeast line solves a major problem of the largest brewery, while producing a high-value product; its sewage sludge line helps the local community meet EU regulations by solving an essential and sensitive issue; the waste to energy line will offer clean energy at a fraction of the cost cost. A combined investment of over 12 million Euros, the companies operate environmentally friendly plants that guarantee zero pollution and help solve major ecological issues issues. Since the location of the Patras Industrial Area is favorable to securing environmental approvals, grants and raw material, two new recycling ’green’ projects are being investigated by green the management. These are expected to further enhance the synergies of the group.