Avro India has received approval from board of directors for proposal to incorporate a wholly owned subsidiary (WoS) in the name and style of ‘Avro Recycling’ or any other name as may be available and approved by the concerned authorities. Further, the Board has given its approval to invest initially an amount upto Rs 1,00,000 into the said WoS, by way of initial subscription to the memorandum of association of the wholly owned subsidiary. Additionally, the main object of the proposed WoS is to carry on the business of recycling of plastic waste.
Avro India (formerly known as Avon Moldplast) has been engaged in manufacturing of quality plastic molded furniture under the brand name of 'AVON' since 2002.
