Gravita has expanded the capacity of its existing plant located at Chittoor, Andhra Pradesh by installing new washing line and PPCP Granules extrusion lines which are having the annual capacity of 4,800 MTPA. Production from the said plant will cater the needs of PP/HDPE Moulding & Fiber Industries globally.
At present company is utilizing the full capacity of its existing plastic plant and after the said expansion the capacity of Chittoor plant in Plastic segment will be 6,000 MTPA. The company has invested Rs. 171.00 Lacs partly by way of leasing & partly from its internal accruals for the said expansion. Further after the above expansion the total capacity of Chittoor plant in Lead & Plastic segment will be 34,000 MTPA. The Company expects an EBITDA of approx. 200.00 Lacs per annum from the said expansion.
Gravita Group is among well-known recycling companies across the globe and installation of this plant will help the company to further strengthen its financial position coupled with diversification in plastic recycling and value-added products.