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GRPI – GRP Ltd

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

GRP Limited is engaged in the manufacturing of reclaimed rubber, custom die forms, engineering plastics and polymer composites. It operates through four businesses, such as Reclaim Rubber, Engineered Plastics, Polymer Composites and Tyre Retreading. The Reclaim Rubber procures tires at its end of life (EOL), to produce reclaim rubber (a replacement to natural and synthetic rubber) for use predominantly by tire manufacturers. The Engineered Plastics recovers polyamide waste from tires and along with other forms of EOL waste to produce engineering plastic compounds for sale to the plastic manufacturers in automotive and electrical applications. Polymer Composites use residue rubber to blend with recycled plastic waste to produce composite material which replaces wood and concrete. The applications for these composite boards are mainly in the transportation industry and limited to North America. Tyre Retreading helps fleet owners to extend life of their tyre by providing additional life.

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