Changes have been made to the Management Board of AS ITERUM, the PET bottle recycling company of JSC (AS) Eco Baltia, the largest environmental resource management and recycling group in the Baltics. From October 1, 2025, the Chairman of the Management Board will be the current Management Board member Andris Ābele. Jūlija Zandersone, who has held the position of Chair of the Management Board, is being nominated for the position of Member of the Supervisory Board of "ITERUM".
Following the changes, Andris Ābele, Jekaterina Vasiļjeva and Liene Upeniece will continue to work on the ITERUM Management Board. The appointment of Jūlija Zandersone to the Supervisory Board will be decided by the shareholders' meeting, which will be held in October. J. Zandersone will also continue to fulfil the role of Chair of the Supervisory Board at ITERUM's subsidiary, Tesil Fibres s.r.o., in the Czech Republic.
Following her election to the Supervisory Board, J. Zandersone will be responsible for the factory’s strategic development and the implementation of efficiency measures. This will include close cooperation with strategic partners and investors, and suppliers, in order to consolidate and accelerate the company’s development.
Jūlija Zandersone, former Chairwoman of the Management Board of AS ITERUM: "The dynamics of the sector and the European Union's circular economy objectives require both technological excellence and strong partnerships. On the Supervisory Board I will focus on ensuring, in cooperation with our strategic partners and investors, further modernization of the plant, an increase in capacity and the introduction of new solutions that will enable ‘ITERUM' to move towards faster development."
As Chair of the Management Board, Andris Ābele will be responsible for the delivery of ITERUM’s long‑term goals, strengthening the company’s position in the Northern European recycling market. He has more than ten years of experience in manufacturing companies, including in metal structures and building materials production, where he has held senior positions. Since joining the "ITERUM" Management Board, A. Ābele has been responsible for improving the efficiency of PET secondary raw material production and for modernizing the plant in line with current technological capabilities. He has also worked on improving final product quality standards, enhancing occupational safety, and other matters related to ensuring the operational activities of the factory.
Andris Ābele, Chair of the Management Board of AS ITERUM: "Our future focus will be on stabilizing the company's development in the long term, continuing to invest in technology and process digitalization. In close alignment with the Supervisory Board's strategic initiatives, we will develop ‘ITERUM's' capacity and product portfolio."
About ITERUM JSC (AS)
ITERUM is one of the largest polyethylene terephthalate (PET) recycling companies in Northern Europe and the largest PET recycling company in the Baltic region. It is owned by the environmental resource management group Eco Baltia. ITERUM recycles used PET bottles and is the industry leader in Northern Europe. Its portfolio of recycled products includes high-quality PET flakes and granules (including those suitable for food packaging), almost 100% of which are exported.
About Eco Baltia JSC (AS)
Eco Baltia is the largest environmental resource management and recycling group in the Baltics, ensuring a full waste management cycle - from waste collection and sorting to secondary raw material logistics, wholesale, and the recycling of secondary materials, including PET and PE/PP plastics, as well as PET fiber production.
The Eco Baltia group ended 2024 with its largest ever audited consolidated turnover of EUR 261.54 million, an increase of 20% compared to 2023.
The group's companies in Latvia, Lithuania, Poland and the Czech Republic have more than 2,600 employees. The largest of the companies the group owns are Eco Baltia vide, Latvijas Zaļais punkts, Nordic Plast, Oil Recovery, and ITERUM in Latvia, Metal-Plast in Poland, TESIL Fibres in the Czech Republic, and Ecoservice in Lithuania.
The shareholders of Eco Baltia are the INVL Baltic Sea Growth Fund (52.81% through UAB BSGF Salvus), the European Bank for Reconstruction and Development (30.51%) and Māris Simanovičs (15.93% through SIA Enrial Holdings and 0.75% through Penvi Investment Ltd).