Platinum Industries Set to Boost Production with New Palghar Plant! 🏭

Hey there, investors! 👋 We’ve got some exciting news from Platinum Industries Limited (PLATIND) that’s worth noting for their future growth trajectory.

The company has officially announced that it’s gearing up to commence commercial production at its brand-new manufacturing facility in Palghar, Maharashtra. Mark your calendars, because operations are set to kick off effectively from August 08, 2025! 🎉

This isn’t just any new plant; this facility was a key objective highlighted during Platinum Industries’ Initial Public Offer (IPO). It’s a significant step in their expansion journey, and it’s all starting with Phase 1.

So, what will this new facility be churning out? The initial focus is on the production of CPVC Additives. If you’re wondering what those are, they’re crucial components used in the manufacturing of CPVC pipes and fittings, which are widely used in plumbing, industrial, and fire sprinkler systems. Think of them as the secret sauce that makes those pipes durable and reliable! 💧

Phase 1 alone is set to add a substantial 12,000 Metric Tons Per Annum (MTPA) to the company’s production capacity. That’s a big boost! This commencement marks a major milestone for Platinum Industries, and they’re already looking ahead. The company anticipates continued growth through upcoming phases, with further expansion expected to be achieved on or before December 31, 2025. Talk about forward-thinking! 📈

This move underscores Platinum Industries’ commitment to expanding its manufacturing footprint and strengthening its position in the market. It’s definitely a development to keep an eye on as they move closer to the operational date. Stay tuned for more updates as this story unfolds!

source: Corporate Announcement

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