Manjushree Technopark Ltd. and Ganesha Ecosphere Group Collaborate to Co-Develope Recycled Solutions for Packaging
02 October 2023: Manjushree Technopack Ltd. (MTL), India’s largest rigid plastics packaging solution provider, backed by Advent International, has entered into a collaboration agreement with the bottle-to-bottle grade recycling division of Ganesha Ecosphere Group (Ganesha, India’s largest plastic bottle recycler) to co-develop and supply food and non-food grade packaging products made of recycled plastics.
The collaboration is first of its kind in India and will provide a one stop solution to brands for their rigid plastic packaging needs, in compliance with impending Plastic Waste Management (Amendment) Rules, 2022 (PWM Rules). Partnership is aimed at providing best-in-class plastic packaging products with upto 100% dosage of recycled plastic. The products will be developed and tested jointly by MTL and Ganesha, with requisite approvals from FSSAI, US FDA and European Food Safety Authority. The partnership will serve the brands in complying with the new PWM rules while also supporting Indian government’s ambitious target of replacing up to 60% of virgin plastic with recycled plastic by FY29.
At present, use of recycled plastic for packing is in its emerging stages in India and there are no integrated players engaged in end-to-end operations i.e. from collection of plastic waste to manufacturing of certified food grade packaging products. Brands that aspire to replace virgin plastics with recycled plastics in their packaging products must run numerous tests and trials with recyclers and manufacturers separately and yet struggle to get the right quality.
With over 40 years of packaging expertise in India, MTL caters to packaging requirements across FMCG, F&B, home care, personal care, agrochemicals, pharmaceutical and liquor industries. With its current manufacturing capacity of over 200,000 MT per annum across 20 plants spread pan India and annual turnover of around Rs.2,600 crore, MTL is India’s largest rigid plastics packaging company.
Ganesha on the other hand is currently India’s largest post-consumer PET waste recycler with an installed capacity of 150,000 MT per annum of different rPET products across 6 locations. Ganesha already works with major global as well as domestic textile brands in providing rPET solutions to the textile Industry and now with its new brand “Go Rewise”, is set to bring circular economy solutions to the packaging Industry.
www.manjushreeindia.com
