K.B. Recycling Industries Ltd.
K.B. Recycling Industries Ltd.
Sector: Industrial
Description
K.B. Recycling Industries Ltd. is an environment corporation specialized in recycling plastic waste from the home and agriculture sectors into qualitative industrial products. The company does its business operation under a different name – Alkemy.
Founded in 2008, K.B. Recycling Industries is a public corporation listed on the Toronto Venture Stock Exchange market, with its common shares trading under the ticker symbol AKMY. The company also trades its share warrants on the TSXV under the stock symbol AKMY.WT.
K.B. Recycling has developed one step recycling process that directly transform plastic waste into finished products. This unique formula minimizes energy consumption, carbon footprint and production costs. The company primarily process Polypropylene, Expanded Polystyrene Polyvinyl Chloride (PVC) and Polyethylene.
The Israel-based environment technology company manufactures quality end products for numerous industrial uses and applications, primarily under three product lines:
Armadillo is a heavy-duty product which utilizes combined fiber technology for surface protection. It is made of 100 per cent recyclable products and is water and leakage proof.
Rhino is comprised of polyethylene geomembrane sheets for seal protection during construction work. It is based on combined fiber technology.
Cricket is based on polyethylene geomembrane sheet technology for root penetration protection applications.
Plastic has many characteristics, such as cost-effectiveness, low maintenance, durability, water resistance, etc. Hence it is prevalent in the construction sector. That’s why the company is primarily directed towards recycling and manufacturing construction disposable plastic products to exploit the opportunities in the construction sector.
The company aims to expand its recycled product offerings to other sectors as well to enhance its participation in the plastic market.
In June 2021, the company extended its memorandum of understanding agreement with Tambour, a conglomerate company for paint and construction material supplies based in Israel for promotion and distribution of its recycled plastic surface protection products in more than 20 stores across the nation.
Peers
KWE
KWESST Micro Systems Inc.
AFN
Ag Growth International Inc
CHE.UN
Chemtrade Logistics Income Fund
VTX
Vertex Resource Group Ltd.
NEO
Neo Performance Materials Inc
WEF
Western Forest Products Inc
GER
Glen Eagle Resources Inc.
APL
Appulse Corporation
GPV
GreenPower Motor Company Inc.
VNP
5N Plus Inc.
MRE
Martinrea International Inc
CVX
Cematrix Corporation