"We would be able to complete this facility's utilisation in around three years time", Makrand Appalwar, CMD, Emmbi Industries told CNBC-TV18.
The company is now increasing focus more on business to consumer (B2C) sales, says Makrand Appalwar, CMD of Emmbi Industries.
Emmbi plans to spend Rs 22 crore for capacity enhancement, adding capacity of 6000 tonnes to the existing 18200 tonnes. Last year, it had a capacity utilisation of 83 percent.
Margin contraction in the fourth quarter of FY16 could be attributed to an increase in crude oil and polymer prices, says Makrand Appalwar, Chairman and Managing Director of Emmbi Industries.
The steps to create equity for small & medium sector (SME) is a very good move to boost the SME investment spree.