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Renault, Suez to announce car-recycling venture
PARIS (Reuters) - French carmaker Renault and the Sita waste management firm of Suez will on Thursday announce a joint venture company to recycle old passenger and commercial vehicles, a spokesman said.
The companies will hold a news conference at 1700 GMT (12 p.m. EST) at Renault's marketing offices in Boulogne-Billancourt.
Suez confirmed such a joint venture was being discussed.
Recycling allows the re-use of materials including precious metals, prevents dangerous liquids from seeping into the soil and would help Renault to improve its overall ecological performance.
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(Reporting by Matthias Blamont; Editing by Quentin Bryar)