INDIA: Supertex Ind. develops high quality filament yarn

MUMBAI: The Supertex Industries Ltd. has developed a high quality filament yarn on beams manufactured to international standards without human intervention or handling for the knitting industry, industry sources said here on December 11.
The manufacturing process has been developed in-house and the product has been well accepted in market promising better returns to the company.

Recently, management has changed the guard and introduced younger, fresh generation team to manage the affairs of the company as appears to be successful in the year ended 2006 and has made a positive cash profit for the first time since March 31, 1998.

The management team has already initiated the restructuring of the business and the financial structure of the company and is also in advanced stage of negotiation with its secured creditors for restructuring all their dues.

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Added: December 12, 2006 Source: Agencies
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