The Board of Directors of Archit Organosys has approved the proposal to increase the production capacity by 6,000 tpa at the existing Bhavnagar plant in Gujarat.
The existing capacity is 12,000 tpa and capacity utilisation is at 60 percent.
The project will entail an investment of Rs five crore which will be financed through internal accruals.
There is increase in demand of one of the products of the company i.e. Monochloro Acetic Acid (MCA) both at domestic and at export level. Also, the Make in India drive by the government of India has boosted the demand and it has been surveyed that many peer industries manufacturing MCA has increased their production capacity. Hence, the overall industry is anticipating a growth for this product.