"Tigar" and "Greenhouse" to invest 40m EUR in recycling of waste tires

Pirot-based "Tigar" and British Investment Fund "Greenhouse investments" have reached initial agreement on strategic partnership, on the basis of which it is expected that realization of united program for recycling of waste tires commences at the beginning of February.

The tires will be ground into granules that will be used to cover sports fields, playgrounds for children, road infrastructure or in production of sports equipment. The granules will exported through the retail network of "Tigar" to the countries of former Yugoslavia, as well as to all other foreign markets. Also, founding of company "Tigar internacional", with the corporate brand of "Tigar", is in the pipeline.

- "Greenhouse" will invest about 40m EUR and hire additional business development capacities in order to realize this project - this was announced by Michael O' Liri Collins, General Manager of "Greenhouse Investments" on the occasion of the agreement signing, and he pointed out that the constant innovations introduced by "Tigar" were the key motive for them to enter partnership.

President of company "Tigar", Dragan Nikolić, expects far-reaching effects from that partnership, and the people from company remind that they already have experience with making successful partnership relations, concerning the fact that the cooperation with French "Michelin" enabled business development, introduction of new programs and more successful sale of "Tigar" products on foreign markets.