Home / Knowledge / News / Textiles / JBF to expand Saily (Microsynth) plant at Silvassa
JBF to expand Saily (Microsynth) plant at Silvassa
06
Apr '09
The Board of Directors of JBF Industries Ltd has approved expansion to be carried out in the newly acquired unit (formerly known as Microsynth) at Saily, Silvassa. The new facility will manufacture 72,000 TPA of Fully Drawn Yarn/Other Polyester Yarns.

Production in the new facility is expected to begin in March 2010, and will contribute around Rs 500 crores to turnover on 90 % utilization.

The Board of Directors has approved the deal of buy back and cancellation of FCCB's of USD 14.30 million, out of the outstanding FCCB's of USD 21.30 millions at a discount of 32.3% of face value. This will ensure that the equity does not get diluted, while enabling the company to take advantage of repayment at a reduced value.

JBF Industries Ltd

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search