Brief: Polyspin Exports Temporarily Stops Production Of Textile Division
16/06/2023 07:35
June 16 (Reuters) - Polyspin Exports Ltd POEX.BO :
* POLYSPIN EXPORTS LTD - DECIDED TO TEMPORARILY STOP
PRODUCTION OF
TEXTILE DIVISION NAMELY PEL TEXTILES
* POLYSPIN EXPORTS LTD - PRODUCTION STOP DUE TO PREVAILING
UNREMUNERATIVE SALE PRICE OF OE YARN AND INCREASE IN RAW
MATERIAL PRICES
* POLYSPIN EXPORTS LTD - DURATION OF STOP IN PRODUCTION OF
TEXTILE
DIVISION WILL DEPEND ON IMPROVEMENT IN SELLING PRICE OF YARN
Source text for Eikon: ID:nBSE3k0wxW
Further company coverage: POEX.BO
((Reuters.Briefs@thomsonreuters.com;))
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