Mitsu Chem Plast Ltd. Announces Capacity Addition Amid Sustaining Growth Strategy
Mitsu Chem Plast Ltd. has announced plans for a significant increase in its operational capacity, positioning itself for sustained growth and greater market penetration. The company confirmed details regarding its existing manufacturing capabilities and the proposed expansion across various product lines.The company currently holds an existing combined capacity of 29,900+ MT per year (for 2025-26), which encompasses the facilities located in Tarapur (Unit I, Unit II, and Unit IV) and Khalapur (Unit III). For the fiscal year ending March 31, 2026, the existing capacity utilization stood at 64%.
The proposed capacity addition involves an increase of approximately 2550 MT per year through Unit 3. This new capacity is slated to be operational by June 2026 and will supplement the company's current manufacturing output.
Investment and Financing Details
The expansion requires an investment of approximately INR 350.00 lakhs, specifically earmarked for the purchase of machinery. The growth initiative will be financed entirely through internal accruals.
The combined operational capacities and financial inputs related to this capacity addition are detailed below:
| Particulars | Metric | Status/Target |
|---|---|---|
| Existing Capacity | Combined MT/Year (2025-26) | 29,900+ MT |
| Existing Utilization | For year ended 31/3/26 | 64% |
| Proposed Addition | New MT/Year (Unit 3) | Approx 2550 MT |
| Completion Timeline | Period for addition | June 2026 |
| Required Investment | Amount in lakhs | Approx INR 350.00 |
| Financing Mode | Funding Source | Internal Accruals |
The rationale driving this capacity expansion is multifaceted, focused on sustaining growth, diversification of products, meeting market demand, and exceeding customer expectations. Mitsu Chem Plast Ltd. continues to operate across multiple specialized areas including Industrial Containers, Furniture Parts, Automotive Parts, and Medical Devices, utilizing processes such as Blow Molding, Injection Molding, and Custom Molding.
Stock Price Movement
Mitsu Chem Plast Ltd shares finished the trading day at ₹149.00, edging higher by 1.15%. The stock experienced a volatile session, moving within an intraday range from a low of ₹145.00 up to a high of ₹153.60.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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