Gravita India’s subsidiary in Mozambique has started commercial production of aluminium from a new recycling plant with an annual capacity of around 4 000 tonnes.
The new facility, which was funded by Gravita India itself, is expected to generate additional revenue of approximately EUR 5.8 million (US$ 6.7 million) per annum, coupled with gross margins of around 18%. The company will be procuring domestic aluminium scrap for the plant which will cater to the needs of aluminium die casting components manufacturers supplying car makers as well as the fast moving consumer goods sector in south and east Asian markets.
The subsidiary already has a lead recycling facility which handles around 4 500 tonnes per year. Meanwhile, Gravita India has also announced plans to set up a plastic recycling unit in Mozambique.
According to Statista figures, Mozambique produced 571 100 tonnes of aluminium in 2020, making it the second largest aluminium producer in Africa. ‘Aluminium production has slightly increased in Mozambique in the past decade as 2009 production totalled 544 700 tonnes,’ it stated.
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