June 6, 2019: Gravita, the Indian lead producer and recycler, has begun commercial production of lead in two African countries — Tanzania and Ghana — with the aim of supplying European markets, company secretary Nitin Gupta told BESB on June 5.
Gravita Ghana has just begun commercial production at its new plant in West Africa, in which it will ultimately invest Rs21 crore ($3 million) and produce 12,000 tonnes a year. At the moment it has a production capacity of 6,000 tonnes, for which all the material comes from local market scrap.
The company said it expected to make Rs110 crore ($16 million) from the Ghana plant in the 2019-2020 financial year.
In April, the company announced its Tanzanian recycling plant had begun commercial operations with a projected annual capacity of 3,000 tonnes of lead and a cost of Rs9.5 crore ($1.4 million).
The Tanzanian plant will also produce 6,000 tonnes of recycled aluminium a year.
“The production from the plant will cater to the needs of diversified lead dealers and industries globally and will also create an impactful presence of the company in the global lead market, as well as prove to be beneficial to local industries in Tanzania,” the company said.
It predicted an annual revenue of Rs30 crore ($4.3 million) from the plant.
“Right now we will export to European markets, as in India we already have recycling plants,” said Gupta. “We expect demand to rise in the lead battery industry and are expanding our global footprint accordingly.”
Gravita’s African sites are also in Mali, Senegal, Mozambique and Mauritania. Elsewhere it operates in the Dominican Republic, Jamaica, Nicaragua, Peru and Sri Lanka. It is the largest lead producer in India.
In August 2018, Gravita became the first Indian company to join the International Lead Association.