ONE of India’s largest recycler of polyurethane (PU) foam has announced plans for a £6 million manufacturing facility in Scotland.
Sarva Foam collects over 15,000 tonnes of PU foam annually to turn into a range of different products – including carpet underlays, sport flooring, and mattress cores.
The firm’s investment was announced as first minister John Swinney met Sarva Foam representatives in Mumbai. The Scottish Government said that the investment could create up to 100 jobs in Scotland.
John Swinney said, “This planned investment from Sarva Foam is a fantastic example of how Indian capital can help drive growth, build prosperity and create jobs in Scotland. Given the focus on using a circular economy model and utilising used materials, the new facility will also contribute to our ambitions to support green, sustainable jobs as we move towards net zero.
“Bolstering trade and investment relationships with India offers a golden opportunity for a wide range of Scottish businesses and for Scotland’s economy. Our strengths in technology, financial services and clean energy – make us uniquely placed to match India’s priorities for investment. Our own independent analysis showing Scotland and India’s trading partnership could be worth more than £3 billion a year by 2030.”
Kunal Giani, chairman and MD of Sarva Foam, added, “We are planning to establish a foam-recycling manufacturing operation in Scotland, with an initial investment of approximately £6 million.
“Drawing on our manufacturing expertise, the operation would turn discarded foam into carpet underlay and flooring products, keeping materials out of landfill and contributing to Scotland’s circular economy and net zero goals.
“If the first phase succeeds and the broader commercial and funding arrangements are confirmed, total investment could reach up to £12 million over three years, with the potential to generate up to 100 jobs in Scotland, including skilled manufacturing positions. Deloitte is advising Sarva Foam and its promoters on inorganic growth initiatives and is helping shape and advance this potential investment.
“We discussed this opportunity with the first minister and will continue working with Scottish Enterprise to deliver the project.”
Mark Hallan, director of international investment at Scottish Enterprise, added, “We welcome the news that Sarva Foam is considering Scotland as the location for its new manufacturing operation. We look forward to continuing to engage with the company as their plans develop.”
