BTRC looking to sell 30 percent of shares

ERJ staff report (DS)

Brussels - Big Tyre Recycling Corp. (BTRC) is looking to raise around euro 2.5 million in exchange for a 30 percent share ownership.

Co-owner of BTRC, Jacques Vervaet said the company has been valued at around euro 10 million and that the share proposal shows a gross margin (EBITDA) of around 40 percent.

He said the company intends to use the money to build the first plant in Belgium to demonstrate full-scale destruction of large tyres (from 2m diameter up to 63-inch mining tyres).

BTRC said it is one of the very few companies in the world which has a technology capable of reducing large off-road tyres to crumb and fibres of steel and textile.

The company uses ultra-high pressure water jet cutting using machines and nozzles adapted to its own design and arranged in a cutting head according to its own proprietary designs.

The system is energy-efficient and is capable of destroying tyres irrespective of the amount of steelcord inside them.

The recycled fine powder averages 400µ in size, following the one-step operation and is claimed to be a surface devulcanised powder which can be used into compounds up to 60 parts per hundred.

The steel fibres can be used as concrete reinforcing needles (patent SUEL) and the textile is used in bead compound of the solid tyres.

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www.btrc.be