Yasho Industries Ltd, a leading Indian global manufacturer & supplier of specialty and fine chemicals, announced that the Board of Directors of the company has approved the capex upto Rs. 10 crores ($1.3 million) for enhancement of capacity from 9,200 MTPA to 11,000 MTPA through de-bottlenecking and additional ancillary equipments.
The said expansion is expected to commercialize by Q3FY22.
Mr. 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 Rs 10 crores 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.”