GRP Limited has commercially started the production of crumb rubber in its new plant at Solapur, Maharashtra, a major step in its growth strategy.
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Production Start Date: Started on March 24, 2025.
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Location: New plant located at Plot No. D-16, MIDC Industrial Area, Chincholi, Solapur.
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Capacity: The plant has an installed capacity of 31,875 metric tonnes per annum.
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Investment: Overall investment in the unit is Rs 25 crore, of which Rs 18 crore is through borrowings and Rs 7 crore from internal resources.
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Market Focus: The crumb rubber generated will find application in a range of industries such as reclaim rubber, tyre pyrolysis, road surfacing, and rubber goods manufacturing.
The move is in line with GRP's strategy to expand its presence in the rubber recycling industry and address increasing market demands.
Source: Business Upturn