A pioneering joint venture in automotive recycling
Renault and SITA, French leader in recycling, are to set up a 50/50 joint venture. The objective of this entity is to accelerate the roll-out, initially in France, of end-of-life vehicle processing.
The joint venture will take control of INDRA INVESTISSEMENT SAS, a company with 30 years' experience in vehicle recovery and whose skills in secondary raw materials3 constitute a solid base for the new entity to build on.
Objective: recover 95% of the mass of each vehicle by 2015
The rallying of Renault, SITA and INDRA skills and resources will optimize end-of-life vehicle processing in the best ecological and economic conditions. Together, these companies are working to meet an ambitious objective in 2015: recover 95% of the mass of each end-of-life vehicle. To do so, they are:
- increasing the reuse rate for products and raw materials in existing processes,
- developing new procedures, especially in recycling materials in end-of-life vehicles,
- working actively with all actors in the industry and the automotive sector.
Long-term, this new step in Renault’s environmental commitment will result in similar partnerships worldwide, an approach that will contribute to the emergence of other environment-linked activities.