Press Release titled - ''Mitsu Chem Plast Expands Manufacturing Capacity To Sustain Growth Momentum''
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Mitsu Chem Plast is expanding manufacturing capacity by approximately 655 MT per year across its existing facilities in Maharashtra, taking total operational capacity from ~28,424 MT/year to ~29,079 MT/year. The investment of about ₹85 lakh will be funded entirely through internal accruals and will go toward advanced machinery to serve growing demand in industrial packaging, hospital furniture, infrastructure components, and emergency handling solutions. The company reaffirmed its target of crossing ₹1,000 Cr in annual revenues by 2028. Mitsu operates three plants in Maharashtra (Boisar and Khalapur) and reported FY25 revenues of ₹332.88 Cr with PAT of ₹7.25 Cr.
This is a modest, internally-funded capacity addition that signals management's confidence in demand growth but is unlikely to move the stock meaningfully given the small investment size. Shareholders should view it as steady execution toward the ₹1,000 Cr revenue target by 2028.