Business Update7 Dec 2023, 05:26 pm
Gravita India Limited Starts Plastic Recycling Plant in Tanzania
AI Summary
Gravita India Limited, a leading global recycling company, has started commercial production of recycled polypropylene granules from its new plastic recycling plant in Tanzania, with an annual capacity of around 1,800 MTPA. The company has invested approximately Rs. 2.25 crores for the procurement and commissioning of the plant, which will cater to the needs of plastic manufacturing industries in Europe and Asia. This move is in line with the company's vision of replicating the recycling business in different geographies.,
Key Highlights
- Gravita India Limited starts plastic recycling plant in Tanzania
- Annual capacity of around 1,800 MTPA
- Investment of approximately Rs. 2.25 crores
- Cater to the needs of plastic manufacturing industries in Europe and Asia
- Replicating the recycling business in different geographies