The Board of Directors Nitta Gelatin has approved the expansion of Collagen Peptide capacity by 1000 MT at the Gelatin division of the company. The company says that the threat of global recession and its impact on the demand for Collagen Peptide from overseas customers has prompted the company to review the detailed project report.  

Accordingly, the detailed project report for the expansion of capacity of Collagen Peptide plant has been reviewed by the Board of Directors in its meeting on Nov 10, 2023 has decided to enhance the capacity by 550 MT per year (existing capacity – 450 MT per year) in addition to the increase in capacity by 150 MT per year through various debottlenecking activities. 

The funding plan for capacity addition will be through a mix of Rights Issue, internal accruals and term loan.  The Company is also exploring to enhance the gelatin production capacity and once its detailed project report is finalised and approved, the terms and conditions of the Rights Issue encompassing either Collagen peptide capacity addition or both Collagen Peptide and gelatin capacity addition will be finalised.