Fornnax Receives “Best Brand 2024” Award for Excellence in Recycling Equipment Manufacturing

Industry Leadership and Innovation Recognized
Fornnax Technology Pvt. Ltd., a prominent Indian manufacturer of shredding and recycling equipment, has been awarded the “Best Brand 2024” by ET Now, the business arm of The Economic Times. This recognition highlights the company’s leadership and its substantial contributions to the recycling industry. Based in Ahmedabad, India, Fornnax has been pivotal in advancing recycling technology and is renowned for its dedication to providing sustainable solutions for the recycling sector.

Commitment to Sustainable Recycling Solutions
Fornnax specializes in the design and production of high-performance shredders and granulators used to process a wide variety of materials, including plastics, tires, cable and wire scrap, obsolete electronics, and aluminum. CEO Jignesh Kundaria emphasized that the company’s mission goes beyond just equipment manufacturing; it is about creating long-term value and innovation for the recycling industry. Fornnax aims to build solutions that are not only cost-effective but also environmentally sustainable, aligning with the growing demand for greener technologies in recycling.

Award Criteria and Achievements
The Best Brand 2024 award was determined through a thorough evaluation process, considering factors such as brand value, market longevity, the annual turnover, and strong growth. Fornnax impressed with a notable 30% growth rate and high brand recall among industry professionals and customers, solidifying its position as a leading innovator in the recycling equipment sector.

Looking Ahead to Future Innovation
At the award ceremony in December, Fornnax’s leadership, including CEO Jignesh Kundaria and Global Head of Sales and Operations, Ankit Kalola, accepted the prestigious recognition. Kundaria expressed deep appreciation for the company’s employees, customers, and stakeholders, acknowledging that their contributions have been crucial to Fornnax’s success. Moving forward, Fornnax is committed to continuing its work in developing cutting-edge, sustainable recycling technologies that will play a critical role in shaping the future of the recycling industry.