Source: Africapublicity
Gravita India Limited, a leading global recycling company, has launched an aluminium recycling plant in Ghana, marking a significant milestone in the company’s expansion plans. The plant, operated by Recyclers Ghana Limited, a step-down subsidiary of Gravita India, has an initial annual recycling capacity of 4,000 metric tonnes, with plans to expand to 8,000 metric tonnes in future phases .
The plant will process domestic aluminium scrap to produce recycled aluminium alloys, which will cater to the needs of the automotive and die-casting industries in Europe and Asia. This initiative aligns with Gravita’s strategy to replicate its recycling operations globally, further strengthening its international presence .
Gravita India has invested approximately INR 6.75 crore in the facility, financed through internal accruals. The company’s shares surged 3% following the announcement, reflecting investor confidence in the project’s potential .
This development is expected to have a positive impact on Ghana’s economy, creating jobs and stimulating economic growth. Gravita India’s expansion into Ghana also underscores the country’s growing importance as a hub for recycling and manufacturing in West Africa .
With this new plant, Gravita India reinforces its commitment to sustainable practices and environmental stewardship. The company’s recycling operations help conserve natural resources, reduce waste, and mitigate the environmental impacts of mining and processing raw materials .
In a statement, the company said this latest initiative aligns with Gravita’s strategy to replicate its recycling operations across the globe, strengthening its foothold in international markets.
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