Home / Knowledge / News / Textiles / Super Spinning may discontinue operations at Super 'D' Unit
Super Spinning may discontinue operations at Super 'D' Unit
08
Jul '10
Super Spinning Mills Ltd in anticipation of the early sale of the undertakings of the Company in Super "D" Unit, Udumalpet and the Garments Unit at Thekkalur and Netaji Apparel Park, Tirupur, necessary approvals for which have been obtained from the shareholders by postal ballot on May 25, 2009, and with a view to minimise the erosion in margins caused by the high operating expenditures incurred in the said units, the Company has decided to discontinue the operations at the said units from July 07, 2010 and redeploy surplus personnel and certain machinery to other units.

Both Units together contribute around 6 per cent of the turnover of the Company, which could be correspondingly impacted. However, it is expected that these measures would yield improvements in the operating margins.

The Company is presently engaged in negotiations for the sale of the above undertakings with various parties and expects to conclude the same at the earliest.

Super Spinning Mills Ltd

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X