UK Plastics Recycling Site to Shut as Lower-Cost Imports Rise

Viridor Ltd., a waste-management company owned by investment firm KKR & Co., plans to close a recycling plant in the UK due to lack of government support and lower demand for recycled plastic.

The company proposed shutting its Avonmouth facility near Bristol, a move that’s subject to a consultation process, it said in a statement. The firm is also reviewing operations at its Rochester site, southeast of London.

Policies announced by previous governments to increase recycling have been “repeatedly delayed,” Viridor said. Prices for recycled plastic have fallen due to overcapacity in the global chemicals market.

“Viridor’s ...