News

La Seyne-sur-Mer/Munich, 24/08/2022

Following Paprec's acquisition of our cooperation partner CNIM's environment sector ("CNIM E&E EPC"), the signing of an updated cooperation agreement between MARTIN GmbH für Umwelt- und Energietechnik and Paprec Engineering CNIM means that the cooperation, which dates back to 1961, continues on an exclusive basis. What is more, the two companies collaboratively sustain the activities by CNIM MARTIN Pvt. Ltd., their joint venture based in India.

"As we continue to cooperate, we are looking forward to building on our successful collaboration and are moreover delighted that we could gain such a strong partner as Paprec. Thanks to the extended agreement, both partners are in a position to jointly continue growing and providing safe and sustainable waste treatment," says Ulrich Martin, managing director of MARTIN GmbH.

"We are very happy and proud of the renewed trust between MARTIN GmbH and CNIM – and now Paprec. Indeed, both companies have the same technology-oriented vision of their mission. We constantly pick the best available technology to maximize environmental and energy production performances," Sébastien Petithuguenin, CEO of Paprec.

About Paprec: Paprec

Paprec was founded by Jean-Luc Petithuguenin, who is still managing the company with his sons. Since the company's foundation, Paprec became French leader in recycling and is now the third-largest player in the energy recovery and waste treatment market in France. Paprec currently employs 12,500 people at more than 300 sites in ten countries. It has reached a € 2.5 billion turnover this year and has invested the same amount since its creation in industrial development.