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MONEY
By Kelly Tyko
Mattel PlayBack will recover and reuse the materials from the old toys that families send to the company for future Mattel products.
There s no cost for consumers to participate, and the recycling program will initially accept Barbie, Matchbox and Mega toys. Other Mattel brands are likely to be added. Mattel toys are made to last and be passed on from generation to generation, Mattel President and Chief Operating Officer Richard Dickson said in a statement.
The company is innovating by finding sustainable solutions.
For materials that cannot be repurposed as recycled content in new toys, Mattel said it will either downcycle them or convert them from waste to energy.