From left: Tex Cycle group chief financial officer Geraldine Hill Siaw Wei, executive director Lee Hai Peng, executive chairman Datuk Keh Chuan Seng, group CEO Gary Dass, Econas director Kasrul Nazrin, executive chairman Datuk Mohd Shafiee Mohd Sanip and Malaysia Green Technology Corp director Datuk Leong Kin Mun
KUALA LUMPUR: Tex Cycle Technology (M) Bhd
's wholly-owned subsidiary Tex Cycle (P2) Sdn Bhd has inked a deal to utilise waste disposal facilities provided by Econas Resource to Energy Sdn Bhd.
In a statement, the waste management and recycling solutions provider said the collaboration, which complements its existing business model, is expected to have a positive impact on its revenue stream.
Econas is known for its advanced secured landfill and upcoming incineration facilities and a comprehensive waste management complex in Pengerang, which specialises in the collection, recovery, and disposal of scheduled waste.
"By collaborating with Econas, Tex Cycle will be able to utilise ER2E's end-of-life waste disposal facilities namely the secured landfill and incineration plant to extend the range of waste management services to customers, enhancing the group’s ability to manage and process diverse waste types more efficiently," it said.
Under the collaboration, Tex Cycle will attempt to secure up to 5,000 tonnes per month of scheduled waste management works for Econas, ensuring first priority for disposal and processing at Econas’ facilities.
Additionally, Tex Cycle will provide technical support and act as a third-party transporter, enhancing Econas's operational efficiency.
"We believe this collaboration will not only enhance our market presence but also significantly contribute to a more sustainable future with our core waste management processes as well as boost our revenue significantly," said Tex Cycle group CEO Gary Dass Anthony Francis.
