TerraCycle Travels Overseas
TerraCycle has chosen London as the location to expand into the UK and Europe. Think London, the foreign direct investment agency for London, worked together with UK Trade & Investment (UKTI) to further strengthen London's position as a center of excellence for sustainable businesses.
Tom Szaky, founder and CEO of TerraCycle, comments, "It is with great excitement that we're announcing our expansion; having grown rapidly in the US, we wanted to come to London and use the city as a launch pad to build our business across the UK and Europe. With a partnership already agreed with Kraft Foods UK we hope to quickly raise consumer awareness in the UK around up-cycling."
Tom Szaky, founder and CEO of TerraCycle, comments, "It is with great excitement that we're announcing our expansion; having grown rapidly in the US, we wanted to come to London and use the city as a launch pad to build our business across the UK and Europe. With a partnership already agreed with Kraft Foods UK we hope to quickly raise consumer awareness in the UK around up-cycling."
The Mayor of London Boris Johnson, says: "It is not just a great compliment, but also a wise decision for TerraCycle to choose London as its base for European expansion. Our commitment to becoming one of the planet's most environmentally friendly cities means we will create a skills base in green technologies that will be the envy of the world, and a magnet for other companies taking advantage of emerging environmental markets."
The announcement in New York coincides with Think London and UKTI's North American business roadshow entitled the 'Route to 2012'. The roadshow is aimed at highlighting the business opportunities open in London to North American companies, especially around the Olympic and Paralympic Games in 2012.