Gravita India announced that it has started commercial production of Aluminium from its new recycling plant having an annual capacity of around 4,000 MTPA and is also in process of setting up of a new plastic recycling unit also in Mozambique.
The new recycling plant, which is invested from internal accruals of the company, ha claims of bringing the company gross margins of 18%.
The said plant has been set up on a leased premises keeping in view of judicious use of capital & lean capex policy of Gravita.
The Company will be procuring domestic aluminium scrap for the purpose of production from this plant and it will cater the needs of Aluminium die casting components manufacturing industries of Auto & FMCG sector located in South and East Asian markets.
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