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 - 1519198366.0241 Start news id check - 1519198366.0242 After news id check - 1519198366.0246 After cookie_code - 1519198366.609 Before news detail - 1519198366.6091 After news detail - 1519198366.61 Start cat select - 1519198366.61 After cat select - 1519198366.6102 before preg replace - 1519198366.6103 After preg replace - 1519198366.6103 Before tag engine - 1519198366.6103 After tag engine - 1519198366.6139 Before mptt engine - 1519198366.6139 After mptt engine - 1519198366.6139 Before related engine - 1519198366.6139 After related engine - 1519198366.6164 Before update hits - 1519198366.6165 After update hits - 1519198366.6166 After update news_hits - 1519198366.6173 After mem_only_views - 1519198366.6173 -------------------------------------------------- Total Exec time:- 0.59319996833801
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 • 21-02-2018