Brief: Cosmo Ferrites Discontinues Manufacturing Of LED Lamps And Lighting Effects At Noida Unit
23/10/2018 09:29
Oct 23 (Reuters) - Cosmo Ferrites Ltd CSFR.BO :
* SAYS DISCONTINUED MANUFACTURING OF LED LAMPS AND LIGHTING
EFFECTS ("LED BUSINESS") AT ITS UNIT IN NOIDA
* COSMO FERRITES-DISCONTINUATION WILL IMPROVE OVERALL
OPERATING
PROFIT OF CO AND RELEASE RESOURCES FOR MORE PRODUCTIVE USE
* COSMO FERRITES -DUE TO LOWER THAN EXPECTED OFF-TAKE,
NON-REMIMERATIVE PRICES AND UNSUSTAINABLE BUSINESS TERMS , LED
LAMPS OPERATIONS RENDERED UNVIABLE
Source text - http://bit.ly/2Ann315
Further company coverage: CSFR.BO
((Reuters.Briefs@thomsonreuters.com;))
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