Private multinational Ravago Group, which is based in Luxembourg and specialized in compounding, recycling, distributing, reselling plastics, rubbers and chemicals, announced the formation of a new business unit called Ravago Lanka Private Limited. The unit will be based in Colombo, Sri Lanka and will offer plastic and elastomeric raw materials for the Sri Lankan market including some finished plastic sheets and films. According to Ravago Lanka, the new unit will service the Sri Lankan market with a local team based in Colombo and will offer a wide range of raw materials from PP, HDPE, LDPE, PVC, EPS, etc. for the injection molding, blow molding, rotational molding and extrusion industries.