Live Breaking News & Updates on E 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

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 Net , News Release Publishing , Mumbai Maharashtra India , Ctober 7 Ani Pnn Mitsu Chem Plast Limited Bse 540078 , Ne Of The Largest Manufacturers Blow Molding , Njection Molding And Customized Plastic Packaging Products , 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 , Ood Fmcg Industry Therefore , He New Capacity Addition Has Enhanced The By 1 , 650 Mtpa From The Existing 23 , 377 Mtpa The Cost Of Machinery , Olds 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 Dedhia , Hairman Of Mitsu Chem Plast Limited Said , Uot Mitsu Is Known For Quality And Customized Products At Any Point Of Time , E Are Ready To Leverage The Opportunity As We See Demand For Plastic Pails Is Increasing , E 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 , Ngaged In The Business Of Manufacturing And Marketing Technically Driven Innovative Products Catering To Growing Industry Sectors Like Industrial Packaging Solutions , Automotive Components , Healthcare Products , Nfrastructure Related Products Amp Emergency Handling Solutions With In House Testing And Quality Control Systems Machines The Key Of Company Are Molded Industrial Plastic Packaging Such As Drums , Jerry Cans , Ars And Its Accessories Infrastructural Furniture Parts Such As Chair Shells Hospital Panels , Rolley Parts Rescue Amp Safety Equipment Such As Spine Board Automotive Components Washer Tanks , Ainhood The Company Mainly Supply 39s To Oems Of Various Industries Such As Chemical , Ospital Amp Infrastructure Furniture , Nd Automotive Manufacturers The Journey Of Company Started 32 Years Back Witha Plant Situated At Boisar ,