Luxus, a company focused on technical plastics recycling and compounding, has invested in the development of a £600,000 laboratory that will enable it to accelerate the technical development of thermoplastic polymers with a high recycled content for the automotive industry.
The 750m2 laboratory is in the initial stages of its build and is expected to be completed by December 2012
Three jobs will be created within the company’s research and development team following the lab investment.
Luxus’s automotive clients include Nissan, Ford, Jaguar, BMW and Renault.
The investment has been made possible thanks to the £6m in lending Luxus received as a regional winner of the HSBC Business Thinking award in 2011