Joint Venture30 Dec 2024, 10:25 pm
Prima Plastics Ltd. Increases Production Capacity of Cameroon Joint Venture by 25%
AI Summary
Prima Plastics Ltd. has announced an increase in the production capacity of its joint venture, Prima Dee-Lite Plastics SARL, located in Cameroon. The existing capacity was 16,000 MT with a utilization of 65%. The proposed capacity addition is an additional 25%, which will bring the total capacity to an undisclosed amount. The company plans to finance this investment internally and aims to commence commercial production from December 30, 2024. The rationale behind this capacity addition is to sustain growth, meet market demand, and exceed customer expectations.
Key Highlights
- Prima Plastics Ltd. increases production capacity of Cameroon joint venture by 25%
- Existing capacity was 16,000 MT with a utilization of 65%
- Investment of 9.06 Lakhs (in $) to be financed internally
- Commercial production to commence from December 30, 2024
- Capacity addition aims to sustain growth, meet market demand, and exceed customer expectations