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CENTURY ENKA LTD. - Updates
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31 Oct 2014
With reference to the earlier letter dated May 05, 2014 about suspension of continuous Process (Polyester) Plant operation at Bharuch. In this connection, Century Enka Ltd has now informed BSE that a note appears in unaudited financial results for the quarter ended September 30, 2014 as reproduced herebelow to clarify the status.&lt;br/&gt;&lt;br/&gt;&quot;The Continuous Process Polymer lines at Bharuch producing Polyester Yarn were suspended in November 2013. Part of these lines were successfully converted into non-continuous and put into operation to manufacture Nylon Textile Yarn. Some more lines are under active consideration for conversion. In view of the modification referred above, the operation of the remaining Polyester lines would continue to remain unviable. The Company has therefore decided to continue suspension of remaining continuous process polymer lines to protect overall profitability of the Company for the time being.
View all announcements for CENTURY ENKA LTD. Source: BSE India