Powering Up: Mitsu Chem Plast Expands Capacity for FY27

Mitsu Chem Plast is expanding its manufacturing capacity by 600 MT/year, with completion slated for August 2026. This addition marks a key milestone in the company's broader FY27 expansion strategy, which targets a cumulative addition of 6,700 MT/year to its existing installed capacity of over 36,000 MT/year.

Funded through a mix of internal accruals and bank financing, the project is designed to support long-term business growth, diversify the product portfolio, and cater to rising market demand. With a capacity utilization rate of 64% recorded for the financial year ending March 31, 2026, the new capacity will provide the flexibility needed to capture emerging market opportunities.

News by Rahul Yelligetti.