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 - 1553096496.2623 Start news id check - 1553096496.2623 After news id check - 1553096496.2627 After cookie_code - 1553096497.9669 Before news detail - 1553096497.9669 After news detail - 1553096497.9679 Start cat select - 1553096497.9679 After cat select - 1553096497.9682 before preg replace - 1553096497.9682 After preg replace - 1553096497.9682 Before tag engine - 1553096497.9682 After tag engine - 1553096497.9732 Before mptt engine - 1553096497.9732 After mptt engine - 1553096497.9732 Before related engine - 1553096497.9732 After related engine - 1553096497.9765 Before update hits - 1553096497.9765 After update hits - 1553096497.9767 After update news_hits - 1553096497.9856 After mem_only_views - 1553096497.9857 -------------------------------------------------- Total Exec time:- 1.7234997749329
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2019. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 20-03-2019