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 - 1534437498.0339 Start news id check - 1534437498.034 After news id check - 1534437498.0343 After cookie_code - 1534437499.7586 Before news detail - 1534437499.7586 After news detail - 1534437499.7595 Start cat select - 1534437499.7596 After cat select - 1534437499.7597 before preg replace - 1534437499.7597 After preg replace - 1534437499.7598 Before tag engine - 1534437499.7598 After tag engine - 1534437499.7633 Before mptt engine - 1534437499.7633 After mptt engine - 1534437499.7633 Before related engine - 1534437499.7633 After related engine - 1534437499.7659 Before update hits - 1534437499.766 After update hits - 1534437499.7661 After update news_hits - 1534437499.767 After mem_only_views - 1534437499.767 -------------------------------------------------- Total Exec time:- 1.733099937439
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 • 16-08-2018