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Gravita's step down subsidiary starts production of Aluminum Cast Alloys in Tanzania
(18:12, 11 Jul 2019)
Gravita India announced that its step down subsidiary, Gravita Tanzania situated in in Tanzania, Africa has started commercial productionof Aluminum Cast Alloys from its new plant having an capacity of around 6000 MTPA.

The Group has made an investment of approx. Rs. 6 crore for establishment of this NewRecycling Plant having capacity of 6000 MTPA from internal accruals of the company.

Gravita Tanzania Limited is already having a Lead Recycling unit in Tanzania and this Aluminumrecycling plant will diversify the product portfolio of the company which will result in betterprofitability and will cater the needs of Aluminum die casting industries located in Europe andAsian Continent.

The Company is expecting revenue of approx. Rs. 20 crore along with Gross Margin of around15% from this Aluminum Recycling Plant during F.Y. 2019-20.

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