Renault, Suez to announce car-recycling venture

PARIS (Reuters) - French carmaker Renault and the Sita waste management firm of Suez will on Thursday announce a joint venture company to recycle old passenger and commercial vehicles, a spokesman said.

The companies will hold a news conference at 1700 GMT (12 p.m. EST) at Renault's marketing offices in Boulogne-Billancourt.

Suez confirmed such a joint venture was being discussed.

Recycling allows the re-use of materials including precious metals, prevents dangerous liquids from seeping into the soil and would help Renault to improve its overall ecological performance.

(Reporting by Matthias Blamont; Editing by Quentin Bryar)