Page 59 - Plastics News May 2024

BUSINESS NEWS

SLMG, Dalmia Packaging partner on PET bottle recycling plant in
India

The facility will boast an annual capacity of 36,000mt and produce 24,000mt of plastic for PET bottles.

LMG Beverages, Coca-Cola lected between the two cities of Luc- in other states such as Uttarakhand,
India’s independent bottler, know and Kanpur in the state of Uttar Bihar, and Madhya Pradesh.
is collaborating with Dalmia Pradesh. The company’s extensive network
Packaging, to establish a PET The food-grade plastic recycling plant reaches over 300 million people via
bottle recycling plant in India, the Hin- is expected to contribute to 20% of 1.5m outlets and more than 1,500 dis-
du Businessline reported.
SLMG’s sales. tributors.
The plant, a joint venture for the two SLMG has also appointed Costin Man- SLMG Beverages chairman & manag-
companies, will be developed with an drea, a Coca-Cola industry expert, as ing director SN Ladhani was quoted by
investment of Rs0.9-1bn ($10.7m- CEO to professionalise the operations
$11.99m). and prepare for capital market entry The Hindu Businessline as saying: “We

The facility will boast an annual capac- within the next two to three years. have written to the central government
for getting the same concessions ex-
ity of 36,000mt and produce 24,000mt The company, which operates seven tended to recyclers in other industries.
of plastic for PET bottles.
plants and a daily bottling capacity of We expect to start production in two
The JV will leverage Dalmia Packag- 410m units, is a major supplier for years.”
ing’s expertise in plastic sourcing for Coca-Cola in Uttar Pradesh. Source – Packaging Gateway
the recycling process.
It supplies 90% of the Indian state’s
The location for the plant has been se- demand and has a significant presence

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