Ganesha Ecosphere to expand recycling capacity by 35,000 TPA

Ganesha Ecosphere has informed that the Company plans to increase its installed capacity for Pet Bottle Recycling by 35,000 Tons per annum (TPA) at green field location, taking the consolidated recycling capacity of the Company from 1,08,600 TPA to 1,43,600 TPA. The Company expects the additional recycling capacity to provide a strategic advantage in meeting the increasing demand of company’s products domestically and globally among textile, apparel and retail companies.

Mr. Shyam Sunder Sharmma, Chairman

Currently the company is operating at 90% capacity utilisation. The proposed capacity will be added over the next 24 months in a phased manner.  The company will be investing Rs. 250 crores on this expansion plan.

Ganesha Ecosphere had recently set up an additional production line and commenced commercial production of recycled polyester staple fiber (RPSF) with an installed capacity of 21,000 TPA. With the commissioning of the project, the consolidated RPSF capacity of the company reached 1,08,600 TPA.

Availability of the new production line with the latest technical updates will help the company not only to produce more but also broadbase its product portfolio and address the demand arising out of different product segments.

Ganesha Ecosphere’s current installed annual capacity comprises of 1,08,600 tonnes of RPSF, 7,200 tonnes of RPSY and 3,000 tonnes of dyed and texturised / twisted filament yarn. This installed capacity of RPSF is the largest PET waste recycling capacity in India.

The company embarked on its journey in 1987 and over the years has emerged as one of the leading polyethylene terephthalate (PET) recycling companies in India. As a responsible PET bottle recycling company, it strives to maximise the collection of PET waste with the objective of transforming it into a productive resource. The company has generated income of Rs. 760.56 crores during FY 2017-18.

Optimism

Ganesha Ecosphere is optimistic about future growth prospects. From a macro perspective, sustained economic and disposable income growth is driving PET bottle consumption. With the Union Government stress on recycling, the prospects of the organised players in the sector have brightened.

With the increased quantum of plastic waste, different State Governments are expressing their concern for responsible waste management and are insisting on formalisation of the pet waste collection mechanism to increase the collection of plastic scrap and diverting the same towards recycling companies. Responsibilities for framing collection mechanism are being directed towards the manufacturers, bulk consumers, brand owners and packagers through the extended producer’s responsibility (EPR) concept. This drive will not only increase the quantum of plastic scrap collection but also boost the recycling industry prospects.

Two, implementation of the GST starting mid-2017 will generate long-term benefits for the business.

Three, global textile, apparel and retail companies are consuming increased quantities of recycled polyester fibre. At the Textile Exchange Sustainability Conference, 2017, more than 45 textile, apparel and retail companies pledged to increase their use of recycled stuff by more than 25% by 2020, prospectively broadening the market for our company.

Given this scenario, Ganesha Ecosphere is attractively placed with rich experience, established raw material pipelines, sizable manufacturing capacities, proven manufacturing technology, broad product portfolio, consistent customers’ profile and widening presence in India and abroad.