Lesser Known Companies : GRP

• Core business : Reclaim Rubber : contributes 98% of total revenue and profits.
• Other business: Industrial Polymers, custom die forms
• Largest producer of reclaimed rubber in Asia
• Produces reclaimed rubber from the scrap of whole tyres, tread peelings and natural rubber tubes
• 50% of rubber exported from India is by GRP
• Established in 1974
• Has 5 plants with aggregate capacity of 2400 tonnes per day
• Has presence in 53 countries across across Asia, Africa, Europe, North America, South America, Australia.
• JV with Marangoni Spa, Italy to provide retreading solutions to domestic transportation sector.
• Marangoni Spa – World leader in production of tread rubber and manufacturer of tyre and retreading equipments.
• This JV will focus on building a franchisee network across India.
• Mutual funds have NO EXPOSURE to GRP