Gravita India acquires rubber recycling plant in Romania

Gravita India acquires rubber recycling plant in RomaniaRecycling firm Gravita India Limited has announced that its subsidiary, Gravita Netherlands BV (GNBV), has signed a Memorandum of Understanding (MOU) to acquire a waste tyre recycling plant in Romania. This facility, with a capacity of around 17,000 tonnes/year, will mark Gravita’s first recycling operation in Europe.

The acquisition will be made through a special purpose vehicle (SPV) in Romania, with GNBV holding an 80% equity stake and the remaining share held by local Romanian partners. The total investment for this transaction is approximately 40 crore rupees, with GNBV contributing 32 crore rupees, pending detailed financial, environmental, and legal assessments.

GNBV aims to expand its recycling business across Europe by capitalising on market opportunities and forming strategic partnerships. This move will strengthen Gravita’s presence, grow its customer base, and enhance its competitive position in the European market. Gravita already operates similar rubber recycling plants in Senegal, Togo, Ghana, and Tanzania, aligning with its strategy of diversifying and expanding operations into new regions.

The company will acquire Access Auto Trading SRL’s fixed assets, including land, buildings, and machinery.

Access Auto Trading SRL, has been engaged in the trading and recycling of waste tyres in Romania since 2010.