Gravita Started Commercial Production Of PPCP Granules
2018-04-09 Announcements Chemicals & Petrochemicals Southern India
Gravita India Limited, a leading recycling company having its manufacturing presence around the globe, informs that the company has started commercial production of PPCP Granules by installing new imported washing line and extrusion line which is having an annual capacity of 1200 MTPA. The production from the said plant will cater to the needs of Injection Moulding and Non‐woven fabric industry globally.
The company has plans to increase the capacity of the said plant to 6000 MTPA by installing two more plastic recycling lines. This plastic recycling plant is a replica of existing plant situated at Phagi, Jaipur which is running successfully and will help the company to increase its Topline and Bottom‐line in coming FY 2018‐19.
The company has plans to make an investment of Rs. 500.00 Lacs out of which Rs. 28.00 Lacs has been invested for procuring and commissioning of above-mentioned washing and extrusion line having capacity of 1200 MTPA from internal accruals of the company.
Gravita Group is among top most recycling companies across the globe and installation of this plant will help company to further strengthen its position and will diversify the business of the Group with great vision in a new arena of Plastic Recycling.