Ingeka Group invests in plastic recycling company ReMo Environmental Protection.

On August 11th, Ingka Investments, a subsidiary of Ingka Group, the world's largest IKEA retailer, announced a growth investment in Shanghai Ruimo Environmental Protection New Materials Co., Ltd., a Chinese plastic packaging waste recycling company. Ruimo Environmental Protection focuses on the high-quality recycling of plastics, using their independently developed technology and processes to convert waste plastic into high-transparency recycled polypropylene, which can be used in the production of new products.