Latest Breaking News On - Nnounced capacity expansion and launch of new product to drive future growth the company is diversifying its portfolio by launchinga viz pail containers cater lubricant - Page 1 : comparemela.com

Mumbai (Maharashtra) [India], October 7 (ANI/PNN): Mitsu Chem Plast Limited (Mitsu) (BSE:540078), one of the largest manufacturers of Blow Molding, Injection Molding and Customized Molding plastic packaging products, announced capacity expansion and launch of new product to drive future growth. The Company is diversifying its portfolio by launching a new product viz. Pail Containers to cater to the lubricant, paints, ink, Food (FMCG) industry. Therefore, the new capacity addition has enhanced the capacity by 1,650 MTPA from the existing 23,377 MTPA. The cost of machinery, molds and ancillaries for the project is Rs 6.14 crore which is financed by a Non-Banking Financial Company by way of an unsecured loan. The Pail Containers is proposed to be launched in the domestic market to meet the rising demand from the user industry. Jagdish Dedhia, Chairman of Mitsu Chem Plast Limited said, "Mitsu is known for quality and customized products. At any point of time, we are ready to leverage

News netNews release publishingMumbai maharashtra indiaCtober 7 ani pnn mitsu chem plast limited bse 540078Ne of the largest manufacturers blow moldingNjection molding and customized plastic packaging productsNnounced capacity expansion and launch of new product to drive future growth the company is diversifying its portfolio by launchinga viz pail containers cater lubricantOod fmcg industry thereforeHe new capacity addition has enhanced the by 1650 mtpa from the existing 23377 mtpa the cost of machineryOlds and ancillaries for the project is rs 6 14 crore which financed bya non banking financial company by way of an unsecured loan pail containers proposed to be launched in domestic market meet rising demand from user industry jagdish dedhiaHairman of mitsu chem plast limited saidUot mitsu is known for quality and customized products at any point of timeE are ready to leverage the opportunity as we see demand for plastic pails is increasingE have strategically decided to augment the capacity suit product diversification this will widen our portfolio and strengthen position in plastic packaging quot mitsu chem plast limited bse 540078 isa certified polymer based moulded products manufacturing company