GLASS RECYCLING IN SRI LANKA: A FINANCIAL ANALYSIS

Glass recycling is the use of secondary raw materials or post consumer glass waste for the manufacturing of new or similar products. Glass Company of Sri Lanka is manufacturing glass containers and also involved in glass container recycling in Sri Lanka. The main purpose of the study is to carry out a financial analysis of glass recycling from company point of view along with an analysis on possible best practices that could enhance the recycling behaviours of individuals. The primary data was gathered from a household questionnaire survey which was conducted in Western Province of Sri Lanka. Sample of 150 households were selected from 8 GN divisions in  Colombo, Gampaha and Kaluthara districts representing two Municipal councils, three urban councils, and three Pradeshiya Sabha. Six different scenarios were proposed for the respondents in order to generate information on practices that are most preferred by them and on their willing levels of recycling under each scenario. Results revealed that the best scenario was the introduction of door to door collectors which yielded highest net present value of Rs. Mn 1,517.39 at 10% discount rate and resulted 7.98% of net profit increase from the current glass recycling process of Glass Company