asset theft

In an unprecedented incident on 6th November 2024, QC Polymer’s entire state-of-the-art rPET (recycled polyethylene terephthalate) recycling plant in Bilston, Wolverhampton, was reported stolen. This brazen theft occurred just days before the facility was scheduled for auction viewing, and the plant is valued at approximately £1.3 million. QC Polymer had recently entered administration on 29th October 2024, with joint administrators Hasib Howlader and Nimish Patel of Hudson Weir appointed to oversee its liquidation. Hudson Weir enlisted G J Wisdom & Co. to handle the sale of the valuable recycling equipment. This plant housed the latest innovations in PET recycling technology,…

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