NEXT GENERATION GROUP invests in German plastic waste cleaning specialist

NEXT GENERATION GROUP, a leading Austrian supplier of recycling machinery and solutions, acquires a majority share in HydroDyn, a renowned German technology provider specializing in plastic waste cleaning and purifying. This strategic partnership strengthens the group’s offering particularly in the post-consumer recycling field.

Under the terms of the agreement, HydroDyn will retain its operational independence while working closely with NEXT GENERATION GROUP. The companies will share the objective of attaining specific polymer characteristics of recycled plastics, which are essential for a diverse array of commodity applications.

“By joining forces with HydroDyn, NEXT GENERATION GROUP is well-positioned to meet the increasing demand for integrated plastic recycling solutions,” stated Josef Hochreiter, CEO of Next Generation Holding GmbH.

“Joining the group not only gives us access to a world-class network but also provides the financial backing and stability needed to realize our ambitious growth plans,” said Michael Hofmann, CEO of HydroDyn

NEXT GENERATION GROUP brings together a wealth of innovations and technologies that cover the entire product lifecycle under one roof, ranging from product design to advanced recycling, aiming to close the plastics loop for the circualr economy.