Avro India Arm Launches New Recycling Facility in Ghaziabad, India

MT Newswires Live

01/08

Avro India (NSE:AVROIND, BOM:543512), through its wholly-owned subsidiary AVRO Recycling, has launched a greenfield recycling facility in Ghaziabad, India, according to a Thursday filing to the Indian stock exchanges.

The flexible plastic recycling unit currently has a processing capacity of 500 metric tons per month (MTPM).

The plastic-molded furniture manufacturer has invested capital expenditure of 250 million Indian rupees in the recycling plant, with plans to invest an additional 300 million rupees by the financial year 2027.

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