Apcotex Industries to invest ₹210 crore in capacity expansion

Apcotex Industries' board of directors approved a capital expenditure of ₹210 crore for capacity expansion at its manufacturing facility in Valia, Gujarat. This strategic investment aims to enhance the company's production capabilities to meet growing demand in both domestic and international markets.

The expansion will add 37,000 MTPA of synthetic latex and 14,600 MTPA of nitrile rubber and allied products. The new capacity is expected to come on stream in a phased manner by the first quarter of fiscal year 2027. This initiative builds upon the company's existing capacities, which include 103,000 MTPA of synthetic latex and 21,000 MTPA of nitrile rubber and allied products, alongside 50,000 MTPA of nitrile latex and 7,000 MTPA of high styrene rubber, all currently operating at optimal utilization.

The funding for this significant expansion will be a combination of internal accruals and debt. This move aligns with Apcotex's strategy to strengthen its market position and capitalize on increasing demand for its products.