Executive Summary

The growing utilization of plastics in industrial and consumer applications, combined with increased consumer awareness surrounding solid waste recycling, has led to an increased demand for plastics recycling and their products. One of the fastest growing types of collected plastic materials for recycling is polyethylene terephthalate ("PET") from post-consumer beverage and water bottles. Sen Li Da Chemical Fibre (Pty) Ltd, a China private invested company has been capitalizing on the recycling of post-consumer PET, also known as PCR for the opportunities of hollow conjugated fibres market through two main divisions: a Recycling Division and a Fibre Division.

SENLIDA set up a PET recycling and fibre manufacturing plant located in Madadeni industrial estate a poverty-striken area in Kwazulu-Natal in 2008. Its initial capacity is PET recycling 19,500 tons per year and fibre conversion 13,600 tons per year, and it utilizes post-consumer bottle feed stock purchasing in market. Presently, the Company can obtain over 9,480 tons per year as estimated mainly from Johannesburg and Durban. The Company is vertically integrated, and uses all of its recycled material in its Fibre Division to convert to hollow conjugated fibre. All the fibre products produced are sold to manufacturers who use them for high value added manufacturing operations in automotive industry, textile industry, home industry and packaging industry.