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Waste management specialist Averda has announced a stronger drive towards investing in new solutions and further diversification of its waste related business. This move is partly as the result of a number of major new contract wins, including three year municipal waste collection contracts in the City of Cape Town and on-site waste management service contracts for major industrial players in the Cape and Gauteng regions.

Averda expands SA operationsBuilding on Averda’s existing integrated waste management offerings, the company’s Board has allowed for new funding to substantially expand Averda’s waste-handling capacity and infrastructure. In a statement issued by the company, Averda said this also signals the Board’s commitment to long-term investment in South Africa. Averda was introduced to the local market in 2015 with the acquisition of a majority stake in Wasteman Holdings.

Averda’s operations will be bolstered by the acquisition of two medical waste companies, with the aim of building a world-class end-to-end national healthcare waste solution. Current facilities will be upgraded in partnership with state-of-the-art specialist technology providers, alongside investment into a new medical waste treatment plant.

The company will also provide further investment into the Vlakfontein hazardous waste landfill to promote international best practice in environmentally low impact waste storage. Averda plans to introduce new technologies in on site waste minimisation and handling tailored to the needs of producers in various industrial sectors at the site.

“This is an unequivocal declaration of Averda’s commitment to doing business in South Africa. This is a market with huge opportunities to develop innovative solutions to one of the most pressing challenges facing the world today: the sustainable treatment and disposal of the myriad forms of waste produced by our societies,” says Malek Sukkar, CEO of Averda.

“While building new low-impact waste storage facilities and pioneering medical waste management solutions, we also aim to bring new jobs to the communities we serve. We are hugely excited for our future here in South Africa, and its vital role to our continued strategic growth.”

Image credit: Copyright: sifotography / 123RF Stock Photo

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