Saturday, May 25, 2024

Gravita starts Aluminium Recycling Plant in Senegal

Gravita India Limited a leading “Recycling Company” having its manufacturing presence around the globe, is pleased to announce that its step down subsidiary situated in Senegal, West Africa has started commercial production of Aluminium from a new recycling plant having an annual capacity of around 4,000 MTPA. The Company is expecting an additional revenue of approx. Rs. 60 Crores per annum with a gross margins of ~ 20% from the new capacity.

The Group has made investment of approx. INR 3.50 Crores for procuring and commissioning of this new Recycling Plant which is invested from internal accruals of
the company.

The Company will be procuring domestic aluminium scrap for the purpose of production from this plant and it will cater to the needs of Aluminium die casting components manufacturing industries of Auto & FMCG sector located in China, Japan and Vietnam. Gravita Group is among well-known recycling companies across the globe and capacity expansion of this plant will help company to change its sales mix by increasing the contribution of Aluminium business.

Recent Articles

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox