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Renault, Suez to announce car-recycling venture

PARIS
Thu Feb 21, 2008 9:06am EST
Renault's Chief Executive Officer Carlos Ghosn looks at the new model Koleos, the first 4x4 crossover from Renault, after the presentation of the company's annual results for 2007 at the French manufacturer's Boulogne-Billancourt headquarters, near Paris, February 14, 2008. 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. REUTERS/Vincent Kessler

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.

Green Business

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)
Green Business


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