reinvesting each year the benefits and participating in capital increase, allowing PAPREC to capitalise more than FF a hundred million of owns capitals and FF two hundred fifty million of assets to make one of the most moderns businesses in France.

Five years latter, the very small firm became the first independent recycling French group; its turnover is more than FF 500 million. It is organised around seven poles with the same logical: to economise the planet resources, that mean, valorise.

From now on, we continuous our way developing us in the provinces and internationally (in Africa especially).

Firstly, to valorise yourselves, ours customers, giving to you a benefit, a service of a high quality and a professionalism at the level of yours expectations.

I think that in the dawn of this new millennium our ambition to this valorises job allowed us to find entirely our place: the place of professionals in service of professionals.

To valorise men who work in the Group becoming a reference that win (quality certification, innovation prize...), while respecting theirs differences.

I enter into an engagement: you can depend on our Group meriting by your side the qualifying of recycling industrials.

To valorise the firm to ours shareholders, who

Jean-Luc Petithuguenin
Chairman & Managing Director