Mitsu Chem Plast Limited (BSE: 540078), a leading manufacturer of polymer-based molded products, has announced an extraordinary 110% export growth during the 2024-25 fiscal period (April to December). The company’s export performance, particularly in hospital furniture parts, highlights its successful expansion into new international markets while solidifying its position in existing ones. This growth is a testament to the company’s strategy of focusing on both product innovation and market diversification.

Export Performance (2024-25)

• New Markets: Mitsu has successfully entered markets such as Saudi Arabia, UAE, Europe, Malaysia, Portugal, France, Germany, Armenia, USA, and Maldives.
• Export Value: The export value has surged to ₹140.08 lakhs during this period, significantly higher than the previous fiscal year’s ₹66.69 lakhs.
• New Export Approvals: Mitsu bagged five new export approvals, expanding its reach across various regions.

Diverse Product Portfolio

Mitsu Chem Plast’s diverse product range spans several sectors, including:

• Industrial Plastic Packaging: Drums, jerry cans, bottles, jars.
• Infrastructure Furniture Components: Chair shells.
• Hospital Furniture Parts: Panels, railings, planks, trolley parts.
• Rescue and Safety Equipment: Spine boards.

These products, designed for industries such as chemical, pharmaceutical, healthcare, and infrastructure, are crafted using advanced polymer molding technology. The company’s quality control and in-house testing systems have contributed to its reputation as a trusted partner to OEMs globally.

Leadership’s Perspective

Mr. Sanjay Dedhia, Managing Director of Mitsu Chem Plast, expressed his satisfaction with the company's achievements, stating:
“Our journey of innovation and excellence has reached new heights in FY 2024-25, with exports soaring to ₹140.08 lakhs. Breaking into new markets like the USA, Europe, and the Maldives, while fortifying our presence in established regions, reflects the growing global trust in Mitsu Chem Plast’s products.”

About Mitsu Chem Plast Limited

Mitsu Chem Plast is a renowned manufacturer specializing in polymer-based molded products with a global footprint. The company serves sectors including industrial packaging, healthcare products, infrastructure, and emergency handling solutions. With its robust manufacturing capabilities and commitment to product quality, Mitsu has earned a reputation for innovation and manufacturing excellence.

Founded 33 years ago in Boisar, Maharashtra, the company operates three manufacturing facilities across Maharashtra and continues to expand its reach internationally. Mitsu reported a total revenue of ₹312.28 Cr for FY24, alongside EBITDA of ₹25.67 Cr and PAT of ₹8.86 Cr.

Forward-Looking Statements

This document contains forward-looking statements, which involve risks and uncertainties such as changes in government policies, market conditions, and technological developments. Mitsu Chem Plast does not undertake any obligation to update these statements publicly in the future.

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