INDIA: Investment Committee approves assets takeover of Microsynth Fabrics

MUMBAI: The Investment Committee of Directors has approved the assets takeover Microsynth Fabrics (India) Ltd. by JBF Industries Ltd under Memorandum of Understanding (MoU).

JBF has entered into an MOU with Miscrosynth Fabrics (India) Ltd and the take over was in subject to the approval of Board of Directors of the company and also other necessary approvals as may be necessary.

Miscrosynth Fabrics (India) Ltd is a producer of Polyester POY located at Silvassa and has a strong presence in specialty POY production. The facilities are designed to produce specialised yarns such as micro deniers and colored yarn, with technology from NOY - Vallesina, Italy.

After the take over, JBF will enhance its share in the specialty POY market in India and abroad and at the same time it will create avenue for major captive consumption for Specialty Polyester Chips being produced at the Company.


Send your News/Releases for publication to [email protected]
Added: November 9, 2007 Source: Agencies.
Start script - 1527205195.0915 Start news id check - 1527205195.0915 After news id check - 1527205195.0919 After cookie_code - 1527205197.2246 Before news detail - 1527205197.2246 After news detail - 1527205197.2257 Start cat select - 1527205197.2257 After cat select - 1527205197.2259 before preg replace - 1527205197.226 After preg replace - 1527205197.226 Before tag engine - 1527205197.226 After tag engine - 1527205197.2337 Before mptt engine - 1527205197.2337 After mptt engine - 1527205197.2337 Before related engine - 1527205197.2337 After related engine - 1527205197.2383 Before update hits - 1527205197.2383 After update hits - 1527205197.2385 After update news_hits - 1527205197.2393 After mem_only_views - 1527205197.2393 -------------------------------------------------- Total Exec time:- 2.1479001045227
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 24-05-2018