RIGID PACKAIGNG
EUR 2.24 billion ( approximately Rs 19,593 crore ). With its teams , supported by the latest digital tools , the group intends to continue to grow . SCHOTT AG is owned by the Carl Zeiss Foundation , one of the oldest foundations in Germany . It uses the Group ’ s dividends to promote science . As a foundation company , SCHOTT has anchored responsibility for employees , society , and the environment deeply in its DNA . The goal is to become a climate-neutral company by 2030 .
Driven by the philanthropic philosophy of affordable vaccines ; Serum Institute of India ( SIIPL ) is said to be the world ’ s largest vaccine manufacturer by number of doses produced and sold globally ( more than 1.5 billion doses ), supplying the world ’ s cheapest and WHO accredited vaccines to as many as 170 countries . It was founded in 1966 with the aim of manufacturing lifesaving immunobiological drugs including vaccines worldwide . With a strong commitment towards global health , the institute ’ s objective has been proliferated by bringing down the prices of newer vaccines such as Diphtheria , Tetanus , Pertussis , Hib , BCG , r-Hepatitis B , Measles , Mumps , and Rubella vaccines . SII is credited with bringing world-class technology to India , through its state-of-the-art equipped multifunctional production facility in Manjri , Pune ; association with Zipline and government agencies to transform emergency medicine and critical care along with spearheading the race of vaccine development against the Covid-19 pandemic . z
An employee at SCHOTT Kaisha ’ s production facility in Jambusar inspects two glass vials z To set up a facility in Andhra Pradesh
Reliance Industries to double its PET recycling capacity
Reliance Industries Limited ( RIL ), India ’ s largest private sector company , is doubling its PET recycling capacity by setting up a recycled polyester staple fiber ( PSF ) manufacturing facility in Andhra Pradesh . The move is part of RIL ’ s commitment to lead the industry on a circular economy , enhance its sustainability quotient and bolster the entire polyester and polymer value chain . As a part of this endeavor , Srichakra Ecotex India will build and operate exclusively for RIL , the new recycled PSF – Recron GreenGold and PET flakes washline in Andhra Pradesh .
z Reliance Industries approach towards sustainability
RIL ’ s initiative to more than double its recycling capacity to 5 billion post-consumer PET bottles will ensure India maintains over a 90 % recycling rate . It focuses on sustaining India ’ sIndia ’ s post-consumer PET recycling rate , which is currently the highest in the world . The company will empower entrepreneurs to divert post-consumer used packaging from landfills , set up recycling facilities , and create wealth from the waste throughout the country .
RIL is driving various initiatives such as Fashion for Earth in partnership with Lakmé Fashion Week and the United Nations in India , Hub Excellence Program , and Circular Design Challenge to inculcate circularity and sustainability concepts in polymer , textile , and fashion industries .
Commenting on the development , Vipul Shah , COO - petrochemicals business , RIL , said , “ The expansion of PET Recycling capacity is part of Mukesh Ambani ’ s vision to transform our legacy business into sustainable , circular and net-zero carbon materials business and support the entrepreneurs to take risk throughout the value chain . RIL is committed to developing the entire value chain , and it shares expertise and technical know-how with entrepreneurs to produce topquality products at the lowest possible costs . RIL has underwritten the entire production from Srichakra ’ s facility to support the development of the business .”
While expressing pleasure in partnering with Reliance Industries , Srinivas Mikkilineni , director - Srichakra Ecotex , said , “ The agreement with RIL provides an excellent opportunity for Srichakra to expand its footprint into the recycled
PET bottle waste ( Photo : plasticfoundation . org )
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