Thursday, September 11, 2008

Natural Capsules - Capacity Expansion - Sep 11, 2008

Natural Capsules Ltd has informed that the Company have entered into a supply contract with Pharmaphil Division of M/s. Qualicaps Inc., Ontario, Canada, to purchase hard capsule manufacturing equipment to be used at the Companys plant at Pondicherry.

The purchase price of the equipment is USD 1,058,000 (US Dollars One Million and fifty Eight Thousand only) and includes costs of dismantling, packing and shipping CIF to the Chennai Port, India. The delivery of the equipment will be made within 12 weeks and is expected to arrive in India within 18 weeks.

This expansion of manufacturing capacity will lead to increase in installed capacity for Hard Gelatin Capsules from 3600 million capsules P.A. to 7380 million capsules P.A

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