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.
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