Gravita India, an industrial recycling major, has announced that its step-down subsidiary has begun production of aluminium from its new recycling plant in Mozambique
With an annual capacity of 4,000 million tonnes per annum (MTPA), the plant will add to the company’s existing lead recycling capacity of 4,500 MTPA.
The company is expecting additional revenue and gross margins of 18% from the recycling plant and is in the process of setting up of a new plastic recycling unit in Mozambique.
Gravita will procure domestic aluminium scrap for production from the plant and will cater to needs of aluminium die-casting components manufacturing industries of auto and FMCG sectors.
Gravita is one of the leaders with integrated operations in non-ferrous metals and plastics recycling, manufacturing and turnkey businesses in eight countries of Asia, Africa and South America. The company sells its products in more than 59 countries