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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We are happy to provide you with information about our company. For any PR-related questions, please contact our PR Coordinator. Lisbet will answer your questions or refer you to the spokesperson within the relevant area of expertise.
Below you will find our most recent press releases.
OCTOBER 15, 2021
PKA divests 51% of shares in Genan Holding A/S to Maj Invest Equity
New majority shareholder of environmental company Genan, the largest tire recycling company in the world, is Maj Invest Equity 5 K/S. Sole owner of Genan since 2014, PKA has made an agreement with Maj Invest Equity for the latter to take over 51% of shares. PKA continues to co-own as minority shareholder.
Genan consolidates in a year impacted by Coronavirus
International environmental company Genan was in 2020 less impacted by the Corona crisis than expected. Turnover dropped marginally by 6% to EUR 49m, while EBITDA decreased by 2% to just under EUR 12m. Nevertheless, thanks to significantly increasing market focus on sustainability, the Genan group is generally performing well – and now adding a resource in sales and marketing.
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