Production Decline

RECYCLIX® ON TEMPORARY DECLINE IN PRODUCTION CAPACITY

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One of the major fires for the past few years in Poland broke out in Brożku landfills last week, February 14th, affecting the Zielona Gora Recyclix facility in Poland along with the storehouse and the waste that was kept there. 17 fire units were working on the site while the fire covered 1.5 hectares of land without leaving anything aside.

Recyclix is a manufacturing business that is strongly dependent on the capacity of the raw material, namely the waste for further recycling and pellets production. The massive fire that has arisen in Brożku landfills not only affected the facility and the equipment line, but furthermost destroyed a significant amount of waste intended for recycling. Fortunately, the facility and the warehouse were insured and the insurance company is now further evaluating the fire case in order to comply with all the procedures.

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Recyclix representatives have visited the facility and already estimated the primary loss, stating that the waste capacity has significantly decreased at the moment. Due to the sufficient loss of waste and damage to the equipment, Recyclix is forced to use all its resources to recover from the fire without stopping the further manufacture. The current situation led to certain difficulties in maintaining the balance between the waste volume being in recycling and the real waste capacity.

In order to continue and be able to proceed with the recycling, revenue payments and further manufacture, Recyclix was forced to adhere to the recovery plan, that way restoring the previous capacity and getting back on the track. It is expected to regain the former balance by June, 2017.

Albeit the risks that come along with the manufacturing business and affect all the involved members, Recyclix would like to point out that the actions taken should be perceived as non-other but a Force Majeure inevitable recovery plan to execute the further operation as smooth as possible. Therefore, all Recyclix website users, who deposited before the fire on February 14th, 2017, will be divided into following categories:

Note: -
1) Users who are in profit and with less than 33.3% revenue share

2) Users with 33,3% revenue share and in profit

3) Users with less than 33.3% revenue share or not yet in profit

Each group will be assigned a certain % of the waste quota decrease to balance the current waste capacity and operate smoothly during the recovery period, expected till June,  2017.

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Since Recyclix has proved itself as a strong, reliable and fair partner in the past few years, we dare to hope that users stay loyal and share the risks of the recycling business, accepting the offered recovery option.

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Recyclix has experienced a big amount of payout requests over the last month and has implemented certain restrictions in order to process the queue as fast as possible, but there are still payments pending. We would like to apologize for any inconvenience or frustration this caused you and reaffirm that Recyclix payment department has worked hard to resolve the issue and is almost back to the usual operating mode, despite the above mentioned situation.

However, please note that as required by the banking institutions compliance procedures, in order to process wire payments, Recyclix is obliged to confirm every user’s ID and Recyclix-registered address. To receive the wire payment, the ID and address verification documents (ID, utility bill, bank statement, postal ID etc.) have to be uploaded into the system. This is a one-time procedure intended only for internal use of Recyclix. All document verifications are processed manually and might take up to 3-5 business days.

www.gazetalubuska.pl

Considering the situation, Recyclix is likely to revise and extend the deadline for the new registrations and waste-buying option through its current Online-Recycling-Platform that was previously set to October 2017. Recyclix expects that to be revised and announced by June, 2017, after the recovery period termination.

We would appreciate if, considering the circumstances, you would stay patient and loyal. We apologize again for the delay and thank you for your time. We have been happy with our business relationship and trust this incident will not jeopardize our future dealings.

More details on the fire in Brożku landfills can be found in the local polish mass media.

Important for All Recyclers

RECYCLIX© IMPORTANT UPDATES

Last week our team members gathered in Berlin for an executive meeting in order to discuss implementation of new features and adjustments in the internal workflows that will help make Recyclix website even more user-friendly, intuitive, and safer for all participants of the system.

When it comes to the development of our project, the ultimate aim for us is to provide all Recyclix members with an efficient and quick access to the world of plastic waste recycling. This is why the most important item of the meeting agenda was about handling an increased number of small payout requests that we have been receiving during the past weeks in order to distribute the workload on our internal servers and minimize the request processing time.

Since Recyclix is not a finance company but a manufacturing business, it was decided to use a conventional method of capping the number of payouts to optimize performance without unnecessary costs.

Now users are entitled to making two withdrawals per week via PayPal, wire, or Bitcoin. Whilst the minimum withdrawal amounts remain the same at 100 EUR for non-SEPA wire accounts and 20 EUR for all other methods, the maximum payout amounts per transaction were set at 500 EUR for PayPal, 2500 EUR for Bitcoin, and 10,000 EUR for wire transfers.

This efficient measure will make it possible for all users of the system enjoy its smooth functioning in a more sustainable and balanced way.

Also, we would like to remind you that banks outside of the European Union may not support the feature of credit card withdrawals and you should mind it every time you would like to make a payout from Recyclix if your card is not issued by an EU-based bank.

Last year became a complete success for Recyclix and all of its members, helping us become one of the Europe’s biggest plastic waste recycling companies. That is why the issue of protection of the member accounts was also covered at the executive meeting, leading to implementation of several new features that will make your recycling workflows even more secure.

Firstly, we have added the Secret word feature that we recommend you to use as an extra protection tool to avoid fraud. Although this feature is not mandatory, by enabling it you will be able to verify that you are the true owner of the account just by calling us without the need to send us your ID via email.

Secondly, we have disabled the social media login option in order to prevent any possibility of account hacking due to weak passwords set by users in their social media accounts. And thirdly, we have made the use of 2FA option, or two-step verification, mandatory for everyone who has enabled withdrawals via Bitcoin in their Recyclix account.

Apart from that, we have updated our news section for enhanced transparency as well as in order to make our website more intuitive. Now you can access the news archive, which is located in the website footer, and check out our latest newsletters.

The last but not the least important thing we would like to share with you today has to do with Plastic Recycling Show Amsterdam 2017, which Recyclix will participate in for purposes of establishing new business ties, demonstrating its eco-friendly solutions to the show’s visitors, and reinforcing its position as one of the largest producers of recycled PP, HDPE, and LDPE plastic pellets in Europe.

As always, we would like to invite all of you to join us at PRS 2017 on March 29th – 30th so that we can have a chat about the recycling industry and shake hands. Our stand at the exhibition is D38.

Don’t forget to register as an exhibition visitor over here if you feel like visiting us on March 29th – 30th in Amsterdam.

Stay tuned for more exciting news and other important insights into Recyclix life on our website, Facebook, and Twitter.

Always yours,

Recyclix team

Nirrja Devi