WOLVERHAMPTON, UK. 12th November, 2024 - On 6th November, on the eve of the public inspection of assets to be sold at auction at QC Polymer, Bilston, Wolverhampton, it was found the entire rPET recycling plant had been stolen.
QC Polymer entered administration on 29 October 2024, with Hasib Howlader and Nimish Patel of Hudson Weir appointed joint administrators. Hudson Weir had instructed G J Wisdom & Co. as valuers and auctioneers to oversee the sale of this state-of-the-art plastic bottle recycling plant. It featured a comprehensive production line, including the latest innovations in recycled polyethylene terephthalate (rPET) technology.
On 6th November when Garry Wisdom of G J Wisdom & Co arrived at the factory to prepare for the pre-auction public viewing, Garry found the building empty, with the entire plant missing, having been stolen, with a value of £1.3 million.
Hasib Howlader of Hudson Weir comments: “This is an extraordinary turn of events following the administration of QC polymer. To understand the sheer scale of this robbery GJ Wisdom & Co estimated it would have taken 7 days to dismantle this plant and a fleet of 10 articulated lorries and two cranes to cart it away. The theft was clearly premeditated pre-planned and the factory building showed no signs of forced entry. The West Midlands Police and the Serious Fraud Squad have been informed and are investigating.”
“The inventory of the equipment that was removed from the site was highly specialist PET recycling machinery with a limited market for its sale and disposal. So, we are asking the industry to be on the lookout for this type of technology, being offered, second hand, at well below market value.”
“The inventory of the equipment that was removed from the site was highly specialist PET recycling machinery with a limited market for its sale and disposal. So, we are asking the industry to be on the lookout for this type of technology, being offered, second hand, at well below market value.”
The inventory included the following:
- Bail Break, Trommel Separator, Cap & Label Separator, Tomra Autosort Bottle Sorter with EM3 Metal Sensor
- Ken Mills Aries Horizontal Bailer, Label Remover, Pre-Washer, Granulators, Floating Tanks, Centrifugal Dryers
- Steam Boiler, Hot Wash Tanks, Hot Air Drying System, Blow Down Vessel, Tomra Optical Flake Sorter, Eddy Current Separator
- Discharge Silo & Twin Bagging Stand, as well as various connecting conveyors
- Boge Direct Air UK Air Compressor with a 1000L Tank & Dryer
- Two Polymer Preparation Systems
- Dissolved Air Floatation System for water filtration
Hasib Howlader continues, “We had secured significant interest in this inventory of specialised recycling equipment, with several interested parties ready to make offers when the sale date arrived on the 11th of November. This is a setback in our current plans as our duty as administrators is to realise as much for the business and its assets as we can returning to the creditor's funds for distribution. We are asking the recycling industry to be extra vigilant and to keep an eye open for the type of equipment that has been stolen from QC Polymer. If any of the machinery is offered to you please contact me, Hasib Howlader on the following email and telephone numbers.”
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