Gravita India Expands European Presence: Completes ₹400 Million Acquisition of Romanian Tyre Recycling Plant

Gravita India Limited, a world leader in recycling, has reported the successful acquisition of a waste tyre recycling unit in Romania. This is the company's first recycling unit in Europe, greatly enhancing its global presence. The combined investment in this deal is around ₹400 million, reflecting Gravita's focus on growth and diversification.

 

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This strategic move further strengthens Gravita's presence in the European market, in addition to its current rubber recycling plants in Senegal, Togo, Ghana, and Tanzania. The acquisition of the Romanian plant will further boost Gravita's stature, expand its customer base, and further its competitive advantage in the European recycling industry.

 

Yogesh Malhotra, Managing Director of Gravita India, said, "This acquisition is a major milestone in our strategy for European expansion. Not only does it diversify our geographical footprint, but it also enables us to leverage the increasing demand for eco-friendly recycling solutions in Europe."

 

The successful execution of this transaction, which was first announced in September 2024, reflects Gravita's capability to implement its expansion plans well. As the firm incorporates this new facility into its international operations, investors and industry watchers will be keenly interested in how this European foray impacts Gravita's overall performance and sustainability aspirations.

 

Sources: Gravita India Limited Regulatory Filing, Business Standard, March 27, 2025