Shanghai PRET Composites has emerged as one of the world’s leading suppliers of automotive grade PP compounds. Over the course of 12 years, the company has increased revenue from $20 million in 2003 to $700 million in 2015, in the process boosting global compounding capacity for PP and other resins to 500,000 tonnes/yr.
In 2015, Shanghai PRET acquired Wellman Plastics Recycling (Johnsonville, SC) and in doing so gained a foothold in North America. Wellman processes 50,000 tonnes/yr of recycled carpet fiber and converts it into polyamide (PA) injection molding grades for automotive applications.
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