Emmbi Industries inaugurated world's widest width pond lining facility at Silvassa. With this, the company enters into a new market segment with a potential size of Rs 2,000 crore.
The company is into advanced composites, specialty packaging products, water conservation and agriculture plastic products. It generates 48 percent of its revenues from exports.
We would be able to reach optimum capacity utilisation for the above mentioned plant in three years time, said Makrand Appalwar, CMD, Emmbi Industries to CNBC-TV18. Iinitially the utilisation would be at 40 percent, which would go up to 70 percent in the next year, he said. In the Around Rs 7.5-8 crore investment has been made for this particular plant, he added.
The company so far has invested around Rs 7.5-8 crore for this particular plant, he added.
Overall, the company is targeting 12-15 percent of revenue growth for FY17 and 20 percent in two years, said Appalwar, adding that the profits would growth 30 percent annually in the next two years.
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