Mitsu Chem Plast Adds 3550 MT/Year Capacity by Aug 2026

Mitsu Chem Plast Ltd announced a capacity addition of approximately 3550 MT/Year to its existing operational capacity. The expansion is expected to be completed by August 2026. The investment required for this expansion is approximately INR 194.00 Lakhs, primarily for the purchase of machinery. The financing will be through a combination of bank finance and internal accruals. The company stated that the rationale behind this expansion includes sustaining growth, product diversification, meeting market demand, and exceeding customer expectations. The existing capacity is 32,450+ MT/Year, with a utilization rate of 64% for the year ended March 31, 2026.