Mitsu Chem’s Growth Story Continues FY22 Profits Rise by 44%

Mitsu Chem's Growth Story Continues FY22 Profits Rise by 44%

The Journey of the Company started 30 years back with a plant situated at Boisar, Tarapur and have enlarged its wings up to three manufacturing units situated in Maharashtra i.e. Two (2) units situated at Boisar, Tarapur and one (1) unit in Khalapur. Safe harbor statement: Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors. This story is provided by PNN. ANI will not be responsible in any way for the content of this article.

Story Highlights

  • We remain on our growth path despite various economic and geopolitical headwinds in the FY22 we have seen good growth in our Revenue and Profitability. This shows our inherent strength and resilience as organization. In Q4 FY22 prices of our primary raw materials were all-time high due to some geopolitical factors despite that we have seen decent growth in our Revenue and Profitability. Despite current challenging times, we are very optimistic about the Indian consumption story and FY23 for the Mitsu Chem Plast.” Mitsu Chem Plast Limited (BSE – 540078) is a certified polymer based moulded products manufacturing company, engaged in the business of manufacturing and marketing of technically driven innovative products catering to growing industry sections like, Industrial Packaging Solutions, Automotive Components, Healthcare Products, Infrastructure related products & Emergency Handling Solutions with an in-house testing and quality control systems and machines. The key products of the company are Moulded Industrial Plastic Packaging products such as Drums, Jerry Cans, Bottles, Jars and its accessories; Infrastructural furniture parts such as chair shells; Hospital Furniture Parts such as Panels, Railings, Planks, Trolley Parts; Rescue & Safety Equipment such as Spine Board; Automotive Components such as Washer Tanks, Rainhood. The company majorly supply’s to OEMs of various industries such as chemical, pharmaceutical, dyes, agro-chemical, disinfectants, diagnostic, hospital & infrastructure furniture, automotive manufacturers.