Established in 2012, the company specializes in recycling locally sourced plastic waste to manufacture flexible packaging products. Today, the company is the largest supplier of post-consumer recycled flexible plastic products like shrink wraps, stretch wraps, polybags and other flexible packaging to FMCG, F&B, retail, fashion, automotive and electronics industries.
Since Circulate Capital’s initial investment in 2020, Lucro has increased its capacity by more than tenfold.
In February 2021, Lucro and our investor Dow entered into a memorandum of understanding to co-develop a post-consumer recycled polyethylene film solution. Read more about this partnership.
Responsible Sourcing in the Plastic Waste and Recycling Sector: Examples of Inclusive Practices in India
Circulate Capital announces follow-on investment into Lucro as company closes the loop on flexible plastic packaging in India