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Gravita India’s arm commences commercial production at its new plant at Jamaica

21 Jul 2017 Evaluate

Gravita India’s step down subsidiary in Jamaica - Gravita Jamaica, has started recycling and commercial production of PET Flakes (Polyethylene Terephthalate) by installing an ultra-modern ‘PET Hot Wash Line’ with an annual capacity of 4,800 MTPA.

Gravita Group has made investments of Rs 6.50 crore for procuring and commissioning of this new ultra-modern recycling plant which is funded from the internal accruals of the company. The plant is expected to generate revenue of approximately Rs 10 crore coupled with a Gross Margin of 37% in its initial year.

Gravita is a public listed company and has carved a niche for itself, in the field of recycling in a very short span of time. It has 8 manufacturing setups in 6 countries.



Gravita India Share Price

1567.85 -19.45 (-1.23%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1048.20
Vedanta 721.10
Hindustan Zinc 588.85
Jain Resource Recycl 410.45
Gravita India 1567.85
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