Wavin B.V., a global solutions leader for the Building and Infrastructure industry and an Orbia business, announced today that it will acquire a majority stake in Vectus Industries Limited (“Vectus”), a privately-held manufacturer of plumbing and drainage pipes and the market leader in water storage tanks in India. With this joint venture, Orbia’s Building and Infrastructure businesses will operate at the forefront of India’s quickly growing water management industry, supplying customers in the residential, commercial, industrial, infrastructure and agricultural sectors.

Orbia leads again with an additional $70 million in funding to support Battery Resourcers in expanding its global operations in commercial lithium-ion battery recycling.

Investment is uniquely designed to maximize lithium-ion battery recycling, dramatically reducing the cost of electric vehicles and energy storage technologies to accelerate the shift to a circular, clean energy-driven future.