Hindustan Unilever Acquires 14.3% Stake in Lucro Plastecycle to Boost Plastic Recycling

Hindustan Unilever (HUL) to Attain 14.3% Share of Lucro Plastecycle.

On 21st March 2025, Hindustan Unilever (HUL) announced the investment to acquire a 14.3% stake in Lucro Plastecycle, which is a major player in recycled flexible plastics. Lucro Plastecycle (Lucro) is a well-combined waste management, product manufacturing company, and recycling company working to generate a circular plastics budget for a better tomorrow. The corporation did not reveal the amount of the venture for obtaining the stake in Lucro Plastecycle. HUL expressed that the venture is a step forward toward its sustainability aims to level up the usage of recycled flexible content in the packaging industry, in line with the government's idea of a zero-plastic waste in the near future.

Managing director (MD) of Lucro, Ujwal Desai, expressed, "At Lucro, we turn the challenge of recycling post-consumer flexible plastics into an opportunity to create high-quality recycled plastics while driving the circular economy. This investment by HUL paves the way for increasing our recycling capacity, driving large-scale commercial adoption of post-consumer resin, and setting a new benchmark for sustainable plastics." Hindustan Unilever is in the FMCG industry, including mainly food & refreshment, home care, and beauty & personal care sections. The business has industrial services across the nation and trades mainly in India.