PURSUING EXCELLENCE

About MCPI

MCPI has been a leading provider of Purified Terephthalic Acid (PTA) in India for more than two decades now. Endowed with the proprietary Mitsubishi Chemicals Technology, it has been providing best-in-class PTA to downstream Polyester industries- i.e., Yarn, PET, and PET Film. MCPI’s PTA unit has an annual capacity of 1.27 MTPA and is located in the industrial town of Haldia in West Bengal.

In November 2016, The Chatterjee Group (TCG), led by Dr. Purnendu Chatterjee, acquired MCPI from Mitsubishi Chemical Corporation (MCC). Since then, there has been a spectacular turnaround of the business of the company. In this period, the company has recorded the highest capacity utilization, highest sales, and highest profitability consistently year after year.

MCPI employs around 1200 employees, who have set high standards of performance post takeover by TCG. Our people have nurtured the quintessential Japanese practices of 5S, Kaizen while staying ever committed to Safety and Environment. The company is recognized in the industry for its ethical Business practices.

Led by the Management of TCG, MCPI has leveraged the Group’s commitment to Environment, Society and Governance. The company aspires to be a front-runner in Sustainability – with its compliance towards Environment as well as reduction of carbon emissions.

MCPI practices the ‘People First HR Policy’. The company invests in continuous skill development, knowledge enhancement and digital dexterity of its employees. A holistic Learning & Development programme is pursued to grow and nurture Talent.

MCPI has been focused on ‘Digital Adoption’, implementing state-of-the-art IT tools that provide for ‘real time’ data-driven decision making in plant operations. Also, steering transparent and governance driven in business processes.

Supported by its strong performance over the last five years, MCPI has been able to redefine its purpose and vision. In a bold and decisive step, MCPI has opted for forward integration as an essential part of its transformation strategy. The company acquired Garden Silk Mills Private Limited (GSMPL), a reputed player in Polyester Yarn and Fabric under the famous brand name ‘Garden Vareli’ in February 2021 that marked the onset of MCPI’s swift advancements in the
Textile sector, by moving a step closer to the consumer industry.

The acquisition of GSMPL has led to opportunities for expansion in the Polyester Yarn segment. Furthermore, this is a window to further scaling up consumer-centric Fabric and Garments business – diversifying into the fast-moving apparels business and e-commerce.

MCPI aspires to position itself as a respected player in the Polyester value chain, facilitating the conversion of PTA into downstream products and proximity to customer.

Based upon core values of Trust, Integrity, Compliance and Respect, the company is proud of its capability to adapt to the dynamic business climate and lead the change.

Multisectoral Engagement

Navigating with agility, MCPI is gearing up to set its footmark in diverse sectors.

Logistics – The company is actively developing a logistics product, namely CarryEx for shippers and transporters with the aim of becoming a tech-first logistic provider. The solution supports real-time bidding, loading, and tracking management, electronic Proof of Delivery (ePOD) etc. that offers absolute transparency to all its stakeholders. Providing real-time visibility to the supply chain, CarryEx is designed to provide end-to-end logistics solutions to businesses of all sizes.

Food Technology – MCPI has recently promoted the establishment of a Food Technology & Science Institute (FTSI) laboratory that is dedicated to developing high quality, nutrient rich, food ingredients in perfect alignment with contemporary health-conscious consumer trends. The laboratory’s primary focus will be on plant protein, dietary fibre and novel food colours and aromas with a pivotal mission of extension of the shelf life of food products. Aspiring to builda distinct presence as a preferred and respected global research facility in the food ingredient and meat analogue space, the laboratory has a strategic focus on creating products that not only meet high-quality standards but also cater to the evolving preferences of a global consumer base.