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Home > News > Packaging

MTL to supply recycled packaging to FMCG industry

Source：Adsale Plastics Network Date ：2020-07-03 Editor ：JK

Manjushree Technopack Limited (MTL), one of India’s largest rigid plastics packaging companies and backed by Advent International, has launched its new initiative “Born Again” to deliver recycled packaging materials to the FMCG industry and support brands in their journey of creating a greener world.

Born Again, (a venture under MTL New Initiatives Ltd), is MTL’s first step towards building an ecosystem of circular consumption. It is vertically integrated with the plastic waste collection ecosystem, with an objective to reduce the amount of plastic waste going to landfills and to deliver virgin‐like quality PCR (Post-Consumer Recycled) resin (PP and HDPE) to FMCG customers.

Manjushree Technopack Limited is a rigid plastics packaging company in India.

MTL already has in‐principle arrangement with several global and domestic FMCG brands for their PCR requirements. In the first phase, MTL will use PCR resins to produce non‐food packaging (personal care, home care, lubricants, paints etc.) and secondary packaging for food products.

The first of the company’s state‐of‐the‐art recycling plants was inaugurated today in Bidadi Industrial Area, Bangalore. The plant has the capacity to process more than 6,000 Metric Tonnes (MT) of rigid plastic virgin‐like quality PCR resin per annum. The company intends to set up multiple recycling plants across India over the next 2 years with a total capacity of close to 20,000 MT.

“Sustainability is an integral part of our business goals. MTL’s recycling plant in Bangalore and our collaboration with SZW is our first step towards bringing more structure to the highly unorganized collection of plastic waste,” commented Sanjay Kapote, CEO, MTL.

The demand for Post‐Consumer Recylables is projected to grow from USD 7.7 billion in 2019 to USD 10.2 billion by 2024. However, the biggest factor hindering production of PCR at scale in India is the unorganized waste collection and segregation mechanism leading to scrap contamination.

For the recycling plant in Bangalore, MTL has partnered with a leading social enterprise, Saahas Zero Waste (SZW) to collect the plastic waste generated across the city. SZW manages 38 tonnes of waste per day across Bangalore, Chennai, Hyderabad, Mumbai and Goa.