HUL Board Approves 14.3 Pc Stake Acquisition in Lucro Plastecycle

HUL Board Approves 14.3 Pc Stake Acquisition in Lucro Plastecycle

Get latest articles and stories on Latest News at LatestLY. FMCG major Hindustan Unilever Ltd's board on Thursday said it has approved an undisclosed investment to acquire a 14.3 per cent stake in recycled flexible plastics firm Lucro Plastecycle, according to a regulatory filing. Latest News | HUL Board Approves 14.3 Pc Stake Acquisition in Lucro Plastecycle.

HUL Board approves investment to acquire stakes in Lucro Plastecycle

New Delhi: The Board of Directors of Hindustan Unilever (HUL) at its meeting today, approved the investment for acquiring a 14.3% stake in Lucro Plastecycle (Lucro), a recycled flexible plastic company. It is a waste management, recycling and product manufacturing company. With the move, HUL plans to scale up the use of recycled flexible content in packaging. The investment aims to strengthen plastic circularity by increasing the availability of…

HUL board approves 14.3% stake acquisition in Lucro Plastecycle - India Retailing

The investment aims to strengthen plastic circularity by increasing the availability of recycled content for flexibles, providing a roadmap for businesses to move towards sustainable plastic packaging  New Delhi: FMCG major Hindustan Unilever Ltd’s board on Thursday said it has approved an undisclosed investment to acquire a 14.3 per cent stake in recycled flexible plastics firm Lucro Plastecycle, according to a regulatory filing. Lucro Plastecy…

HUL board approves 14.3 pc stake acquisition in Lucro Plastecycle

New Delhi, Mar 20 (PTI) FMCG major Hindustan Unilever Ltd's board on Thursday said it has approved an undisclosed investment to acquire a 14.3 per cent stake in recycled flexible plastics firm Lucro Plastecycle, according to a regulatory filing.Lucro Plastecycle Pvt Ltd (Lucro) is a well-integrated waste management, recycling and product manufacturing company, working to create a circular plastics economy for a better tomorrow, it noted."This in…

HUL Acquires Stake In Plastic Recycler Lucro As New Packaging Rules Loom

Hindustan Unilever Ltds. Board of Directors on Thursday approved an investment to acquire a 14.3% stake in Lucro Plastecycle Private Ltd., a player in recycled flexible plastics. Lucro specialises in waste management, recycling, and product manufacturing, working towards a circular plastic economy.This comes as the environment ministry's April 1 mandate on recycled plastic use nears, posing a dual challenge for the FMCG industry— meeting the nor…