A North Wales compnay has received a funding boost in its bid to pioneer a method of recycling medium-density fibreboard (MDF).
Anglesey-based MDF Recovery revealed it had secured a further £165,000 from individuals who had previously backed the business.
It also recently appointed two non-executive directors, former Barrett Dixon Bell marketing agency founder Henry Dixon and chairman of law firm Hillyer McKeown Steve Harvey.
MDF Recovery said it had successfully concluded trials to prove its concept as it works to develop a commercially viable process to recover wood fibre from waste MDF.
Managing director Craig Bartlett said: “The new funding and the appointment of Henry and Steve come at an important stage in MDF Recovery’s journey.
“Our innovative technology has attracted the interest of various parties, including the manufacturers of MDF materials and equipment as well as other engineering companies.
“As we gear up for the accelerated growth of the business, it is important we have the best team in place to ensure we achieve our commercial objectives.”
More than 75 million tonnes of MDF are produced globally every year, servicing the furniture, construction and DIY markets.
Suez Recycling and Recovery UK and public body Innovate UK have previously supported MDF Recovery.
Fuente: MRW