Genan is the largest scrap tire recycler in the world. We have five large recycling plants in Europe and the world’s largest tire recycling plant in Houston, Texas, USA. Genan’s vision is to recycle scrap tires in the most beneficial way, both economically and environmentally.
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Below you will find our most recent press releases.
APRIL 25, 2023
Genan group – Annual Report 2022: Record-high turnover – but high energy prices limit earnings
World-largest tire recycler, Danish environmental company Genan, achieved a record turnover of more than EUR 62 million last year, representing a 4.6% increase in comparison with the previous year. Yet earnings dropped from close to EUR 3.5 million in 2021 to EUR 1.5 million in 2022 – mainly due to high energy and freight prices.
Annual Report 2021: Record-high Genan group turnover in a challenging year
Last year, Danish-owned but international environmental company Genan reached an all-time high turnover of EUR 60m. The past year has been characterized by increasing material, freight and energy prices, which – in Genan’s case – have both positive and negative impact. Overall, the Genan group emerges stronger after a year also distinguishing itself by a change of ownership – with Maj Invest Equity as new majority shareholder.
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