The said expansion is expected to commercialize by Q3FY22.
Parag Jhaveri, Managing Director & CEO, Yasho Industries Limited said, “Looking at the current demand for our range of products, we are incurring a Capex of upto Rs10cr to enhance our existing capacity by 1,800 MTPA through debottlenecking. For FY21, we were running at ~84% capacity utilisation at our Vapi facilities.
The said capacity expansion is expected to commercialize by Q3FY22 and will be able to serve incremental demand during FY22.
Rubber chemicals, Lubricant chemicals & Speciality chemical businesses have witnessed robust growth over the last few years. This capex will lay a foundation for the next phase of growth for the company.
This step will further help us to reduce effluent, generate high yield & increase fungibility. The investment in debottlenecking will further enhance our product offering capabilities to our customers and grow the market share of the company in various chemical product categories.”
At around 2:35 PM, Yasho Industries was trading at Rs445 per piece higher by 4.28% on Sensex.