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Srichakra invests $10 m in upgraded facility

The Times of India logo The Times of India 14-09-2021 टाइम्स न्यूज़ नेटवर्क
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Hyderabad: City-based plastic recycling and waste management company, Srichakra Polyplast, on Tuesday said it has invested $10 million in upgrading its facility that will manufacture food-grade quality recycled polyethylene terephthalate (PET) pellets.

The company has also commissioned its new polyolefins recycling facility which can produce deodorized bottle-to-bottle grade quality polyolefin pellets.

Its food-grade quality PET pellets can be used to produce food and beverage packaging such as water, carbonated soft drink and juice bottles as well as takeaway containers. Its deodorized polyolefin pellets can be used in home and personal care product packaging such as lotion, shampoo and detergent bottles.

Commenting on the development, Ravindra Venkata, CEO and co-founder of Srichakra, said, “Our approach at Srichakra is focused on using leading-edge technology to create reliable, high-quality materials that help brand-owners reduce their use of virgin plastic.

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