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In 2023, Contec secured a PLN 72 million (EUR 15 million) funding round from VINCI, Blachy Pruszyński, Warsaw Equity Group, and Mariusz  Machcinski. This funding marked Poland's largest round in the Climate Tech sector in 2023. The capital injection is earmarked for expanding Contec's Szczecin plant, enabling the company to triple its production capacity and process 33,000 tonnes of waste tyres annually.