Auto & fmcg - Latest News Update, Information, Photos & Videos on Auto & fmcg at Lokmat Times

Gravita India Limited ("Gravita" or the "Company) 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 per cent from the new capacity.The Group has made investment of approx. Rs 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.This story has been provided by PNN.will not be responsible in any way for the content in this article. (ANI/PNN)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Auto & FmcgFOLLOW

Auto & fmcg, Latest News

Business :Dabur Meswak Recognises and Showcases Rare Stories That Are Sure to Inspire

BusinessWire India Delhi NCR [India], June 7: With years of trust, Dabur, the leading FMCG brand has established itself ... ...

Business :Gravita starts Aluminium Recycling Plant in Senegal

Gravita India Limited ("Gravita" or the "Company) 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 productio ...