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 - 1548004802.7544 Start news id check - 1548004802.7545 After news id check - 1548004802.7548 After cookie_code - 1548004804.3306 Before news detail - 1548004804.3306 After news detail - 1548004804.3317 Start cat select - 1548004804.3318 After cat select - 1548004804.332 before preg replace - 1548004804.332 After preg replace - 1548004804.332 Before tag engine - 1548004804.332 After tag engine - 1548004804.3371 Before mptt engine - 1548004804.3371 After mptt engine - 1548004804.3371 Before related engine - 1548004804.3371 After related engine - 1548004804.3406 Before update hits - 1548004804.3407 After update hits - 1548004804.3408 After update news_hits - 1548004804.3435 After mem_only_views - 1548004804.3435 -------------------------------------------------- Total Exec time:- 1.5890998840332
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 • 20-01-2019