Home / Knowledge / News / Textiles / Eastern Silk to close down production at Unit 3
Eastern Silk to close down production at Unit 3
22
May '10
Eastern Silk Industries Ltd has informed that on account of adverse market condition and recession in Europe, the Company's major buyers in Italy have declined to purchase spun silk and noil yarn produced at one of the factories of the Company at Nanjangud, Karnataka.

Hence the Management proposes to close down the said Unit 3 with effect from July 15, 2010, for which permission is being sought for from Labour Department, Government of Karnataka.

In the year 1958, the export house of Eastern Silk embarked on its overseas business, with an export turnover of Rs 0.5 lacs. As on date, the export turnover stands at a voluminous figure of Rs 510 crores in the year 2008-2009, which is likely to cross Rs 600 crores by 2009-10.

Eastern Silk Industries Ltd

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search