Mitsu Chem Plast Limited announced capacity expansion The Company is diversifying it's 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 INR 61.4 million 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.