Mitsu Chem Plast Ltd. Announces Capacity Addition as It Aims for Sustained Growth
Mitsu Chem Plast Ltd. has announced plans for a capacity addition in its operational manufacturing units, aiming to meet growing market demands and support sustained business growth. The expansion project includes the purchase of new machinery and is slated for completion by August 2026.The company currently maintains an existing production capacity of over 32,450 MT per year. With the proposed addition, Mitsu Chem Plast Ltd. expects to increase its operational scale significantly.
A detailed overview of the current and proposed capacities and investments is provided below:
| Particulars | Detail |
|---|---|
| Existing Capacity | 32,450+ MT/Year |
| Existing Utilization (as of March 31, 2026) | 64% |
| Proposed Capacity Addition | Approx 3,550 MT/Year |
| Timeline for Addition | August 2026 |
The expansion initiative involves a required investment amounting to approximately INR 194.00 lakhs. The capital expenditure is designated for the purchase of new machinery and will be financed through a combination of Bank Finance and Internal Accruals.
Mitsu Chem Plast Ltd. cited capacity addition as crucial for sustaining growth, product diversification, meeting market demand, and exceeding customer expectations across its various product lines, which include Industrial Containers, Furniture Parts, Automotive Parts, and Medical Devices.
Stock Price Movement
As of 15:01, shares of Mitsu Chem Plast Ltd are edging higher, trading at ₹154.05, which represents a 0.69% gain. The stock moved through a dynamic intraday range, finding support above the low of ₹148.80 and testing a high of ₹159.00.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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