Chemco Group to Launch New Plants in Gujarat
Chemco Group, a company specializing in plastic packaging, plans to establish two new facilities in Gujarat, with an investment of Rs 450 crore in collaboration with the Kandoi Group of Industries.
Chemco Group and Kandoi Group of Industries have declared a strategic partnership to establish two fully-integrated Greenfield production sites in Vapi and Dahej, Gujarat.
The forthcoming units will provide a closed-loop process that covers PET (Polyethylene Terephthalate) bottle collection and cleaning to tape extrusion, weaving, and final bag production, guaranteeing complete traceability, uniform quality, and minimized environmental impact.
"By transforming everyday PET waste into high-performance industrial packaging, we want to create value not just for businesses, but for communities and the environment," Chemco Group Chairman Ram Saraogi says.
Designed to recycle over 10 million PET bottles per day (approximately 3.6 billion annually), the plants will operate entirely on renewable energy and offer a low-carbon alternative to traditional polypropylene and polyethylene packaging.
"This partnership brings together two industry leaders with deep technical expertise and a shared commitment to circularity," says Niranjan Agarwal, Managing Director, Kandoi Group of Industries.
Beyond its environmental goals, the venture is built on a strong foundation of social equity. It is expected to generate over 2,500 direct and indirect jobs across collection, processing, logistics, and manufacturing.
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By partnering with Urban Local Bodies (ULBs) and municipal corporations, the initiative aims to formalize India’s informal waste collector network, offering steady livelihoods, improved working conditions, and integration into a more transparent and efficient waste ecosystem.