What Eco Baltia does

Eco Baltia is the largest environmental management and waste recycling group in the Baltic States by net sales, headquartered in Riga, Latvia and operating through a network of subsidiaries across Latvia, Lithuania, Poland, and Czech Republic. The group provides full-cycle waste management — collection, sorting, logistics, and processing of secondary raw materials — with particular technical focus on PET bottle recycling (PET Baltija/ITERUM, described as one of the largest and most modern PET recycling facilities in Northern Europe), PET fiber production (TESIL Fibres in Czech Republic), and PVC window and door profile recycling (Nordic Plast in Latvia and Metal-Plast in Poland). Distribution is supported by 700+ textile collection containers across Latvia and Lithuania, electronics collection points at 100+ locations in Latvia, and a fleet that includes compressed natural gas (CNG) vehicles to reduce emissions.

The business model combines subscription-based and recurring environmental management services (household and sorted waste collection, used packaging and textile management, construction and bulky waste handling, seasonal services) with transaction-based sales of secondary raw materials to industrial buyers. Additional recurring revenue comes from extended producer responsibility services through Latvijas Zaļais punkts — the first such organization in Latvia — and from municipal road maintenance via Pilsetas Eko Serviss, PES Serviss, B124, and the 2025-acquired Daugavpils Spec. ATU. The customer base spans residential, business, and government/municipal segments, with 40,000+ customers served across the region.

Eco Baltia is controlled by INVL Baltic Sea Growth Fund (52.81% via UAB BSGF Salvus) following a 2020 majority stake acquisition, with the European Bank for Reconstruction and Development (EBRD) holding 30.51% as a significant minority shareholder since 2015, and management led by Chairman of the Management Board Māris Simanovičs holding 16.68%. The group has pursued an aggressive inorganic expansion strategy — adding Ecoservice (2021), TESIL Fibres and Mano Aplinka Plius (2022), Metal-Plast (2023, stake raised to 83% in 2026), Oil Recovery (2024), and Daugavpils Spec. ATU (2025) — taking 2024 consolidated revenue to EUR 261.5 million. Recent capital actions include EUR 18 million in bond issuance in 2023 (fully redeemed February 2026) and a EUR 132 million syndicated facility with Luminor Bank and SEB banka signed December 2025 to refinance liabilities and fund continued growth.

Name

Eco Baltia

Legal name

AS Eco Baltia

Website

https://ecobaltia.lv

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Eco Baltia is the largest environmental management and waste recycling group in the Baltic States by net sales, providing full-cycle waste collection, sorting, recycling, and secondary raw material processing across Latvia, Lithuania, Poland, and Czech Republic for residential, business, and municipal customers.

Ownership category

akta.pro rank

Product category

Waste Management and Recycling Services

NAICS

Waste Collection (5621), Materials Recovery Facilities (56292), Hazardous Waste Collection (562112)

SIC

Refuse Systems (4953), Hazardous Waste Management (4955), Sanitary Services (4950)

akta.pro primary industry

Post-Consumer Plastic Collection & Sorting (MRF/PRF, Bale Supply) (EUAIAKAA)

akta.pro secondary industries

Industrial Packaging Waste Services (Pallets, Cardboard, Film, IBCs/Drums—Non-hazardous) (EUAIAGAD), Hazardous Waste Recycling & Recovery (Solvent Recovery, Oil Re-refining, Metals Recovery) (EUAIAFAI), Decommissioning, Recycling & Producer Responsibility Regulation (EUAMANAO)

Keywords

• Waste management services
• PET bottle recycling
• Secondary raw materials
• Producer responsibility services
• Environmental management

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Environmental Management Services: Collection of household and sorted waste, management of used packaging and textile products, construction waste and bulky waste management, seasonal services provided to residents and businesses across Latvia
2. Secondary Raw Material Sales: Processing and sale of recycled materials including PET, PE/PP, HDPE polymers, and PVC profiles. Leading companies include PET Baltija, TESIL Fibres, Nordic Plast, and Metal-Plast
3. PET Fiber Production: Production and sale of PET fibers through TESIL Fibres in Czech Republic
4. Producer Responsibility Services: Services through Latvijas Zaļais punkts - the first extended producers' responsibility organization in Latvia
5. Road Maintenance Services: Street and road maintenance services through subsidiaries including Pilsetas Eko Serviss, PES Serviss, B124, and Daugavpils Spec. ATU

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Eco Baltia is the largest environmental management and waste recycling group in the Baltics by net sales, providing full-cycle waste management from collection and sorting through logistics and processing of secondary raw materials (PET, PE/PP, HDPE polymers, PVC). The group operates 30 facilities across Latvia, Lithuania, Poland, and the Czech Republic through subsidiaries including Eco Baltia vide (waste collection), PET Baltija (PET recycling), TESIL Fibres (PET fiber production), Nordic Plast and Metal-Plast (PVC recycling), Ecoservice (Lithuanian environmental services), and Latvijas Zaļais punkts (producer responsibility).

Product overview

Eco Baltia is a leading Baltic environmental resource management and waste recycling group providing full-cycle waste management solutions from collection and sorting to secondary raw material logistics and processing. The company operates multiple recycling facilities processing PET, PVC, and other plastics, while also providing environmental management services, hazardous waste handling, and municipal services. Key products include PET Baltija/ITERUM for bottle recycling, TESIL Fibres for PET fiber production, Nordic Plast and Metal-Plast for PVC recycling, Eco Baltia vide for environmental management services, Latvijas Zaļais punkts for producer responsibility, and various road maintenance and hazardous waste management operations across Latvia, Lithuania, Poland, and Czech Republic.

Differentiator

Problem solved

Functional benefit

Products and services

• Eco Baltia vide - Waste Collection and Environmental Management
• PET Baltija / ITERUM - PET Bottle Recycling
• TESIL Fibres - PET Fiber Production
• Nordic Plast - PVC and Plastic Recycling
• Metal-Plast - PVC Profile Recycling
• Ecoservice - Lithuanian Environmental Services
• Latvijas Zaļais punkts - Producer Responsibility Services
• Oil Recovery - Hazardous Waste Management
• Road Maintenance Services
• Mano Aplinka Plius - Liquid Waste Management

Quantifiable outcome

• 60% revenue growth from 2021 to 2022 (from EUR 150M to EUR 240M pro-forma)
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• JSC Daugavpils specializetais autotransporta uzņemumscoreStrategic or Co-development Partner · 6 February 2026Eco Baltia acquired 40.4% stake in this Latvian road maintenance firm to expand operations into Daugavpils, Latvia's second-largest city. In 2025, increased stake to 98%.
• Cobalt Law FirmminorOthers · 29 December 2025Cobalt law firm advised Luminor Bank and SEB Banka on the EUR 132 million syndicated financing agreement with Eco Baltia and subsidiary Eco Baltia Vide.
• Metal-Plast (Poland)coreStrategic or Co-development Partner · 1 September 2023INVL and Eco Baltia acquired 70% stake in Poland's largest PVC window and door profile recycling company. In February 2026, stake was increased to 83%.
• Deloitte Audits LatviaminorOthersAuditor for AS Eco Baltia, providing annual audit and financial statement review services. Located at Republikas laukums 2a, Riga.
• LATVIA Recovery Association/LIFE Waste To ResourcesminorStrategic or Co-development PartnerEco Baltia actively participates in the LIFE integrated project 'Waste as Resources in Latvia' promoting regional sustainability and circular economy through waste as resource concept.
• RISEBA (Architecture and Business School)minorStrategic or Co-development PartnerEco Baltia vide partnership with RISEBA's 'Sustainability Challenge' to support and encourage students to create unique ideas for tackling energy and waste issues.
• Malmo UniversityminorStrategic or Co-development PartnerEco Baltia participates in 'Sustainable Public Management' training program at Malmo University to develop internal leadership capabilities.

Scale indicators16 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Renewi: Renewi is a European waste-to-product company operating across the Netherlands, Belgium, Germany, and the UK with recycling, secondary raw material, and hazardous waste activities. It is the closest international comparable to Eco Baltia's vertically integrated waste collection and recycling model.
• ALBA Group: ALBA Group is a German-headquartered recycling and environmental services group with collection, sorting, and secondary raw material operations across Europe and Asia. Comparable to Eco Baltia in its integrated collection-to-recyclate platform and focus on plastics recycling.
• Biffa: Biffa is a UK-listed waste management business providing collection, recycling, and hazardous waste services. Comparable to Eco Baltia in its mix of municipal/B2B collection contracts and recyclables processing, though larger and more UK-focused.
• Clean Harbors: Clean Harbors is a North American provider of hazardous waste management and environmental services. Comparable to Eco Baltia's Oil Recovery subsidiary in hazardous waste handling, though geographically distinct and larger in scale.

Regional players

• FCC Environment: FCC Environment (part of FCC Group, Spain) provides waste collection, treatment, and recycling services across Central and Eastern Europe. Geographically adjacent to Eco Baltia's footprint with overlapping municipal and recycling contracts, though headquartered in a different region.

Broad incumbents

• Veolia Environmental Services: Veolia is a global environmental services leader in water, waste, and energy management with significant Central and Eastern European presence. Overlaps with Eco Baltia in waste collection and recycling but operates at much larger scale with a broader portfolio.
• SUEZ Recycling and Recovery: SUEZ is a global water and waste management company with recycling and recovery operations across Europe. Comparable to Eco Baltia in collection and recyclables processing, though SUEZ is a much broader incumbent with utility-scale operations.

Emerging players

• Indorama Ventures: Indorama Ventures is one of the world's largest PET producers with significant rPET (recycled PET) capacity globally. Comparable to PET Baltija and TESIL Fibres specifically on PET recycling and fiber production, though operating at much larger scale and globally.
• ALPLA Werke: ALPLA is an Austrian-headquartered plastic packaging manufacturer that has expanded into rPET production and recycling. Comparable to Eco Baltia's PET Baltija/ITERUM and Nordic Plast operations, with a stronger focus on packaging and brand-owner relationships.

Others

• TOMRA Systems: TOMRA is a Norway-based technology company providing sorting and recycling solutions for waste and mineral streams. Adjacent comparable to Eco Baltia's PET Baltija, Nordic Plast, and Metal-Plast operations, as a supplier of optical sorting technology rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries11 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eco Baltia