BSE listed SYBLY Industries Ltd, engaged into manufacture of Polyester Yarn and Embroidery Thread at its ultra modern, state-of-art manufacturing unit at Gaziabad has informed Bombay Stock Exchange that it will increase its polyester yarn manufacturing capacity to 20000 spindles from its current capacity of 10000 spindles by getting yarn from running Mills on job work basis and is in talks with 3 manufacturers based in Punjab, Haryana & U P to manufacture 100 percent Polyester Yarn using recycled fiber exclusively for Sybly, after which the profitability will go up sharply. “We will be a Rs 500 crore company shortly with its ventures in Turkey and USA have served us well and we plan to have strategic tie-ups over the next 2 years to achieve this target”, said Mahesh Mittal, CEO.
SYBLY Industries to increase capacity to 20000 Spindles
RECENT STORIES
Kraft Heinz To Set Up Separate Companies Of $20 Billion, An "Extreme Reversal" For A Firm Hailed As...

Not Filing One's Income Tax Return On Time Incurs Late Filing Charges, Says Section 234F Of Income...

The Wealth Company : One Of The Fastest Scaled-up Investment Management, Making Impact

Air Cargo Industry Consistently Shows Strength & Adaptability During Challenging Times, Says Sanjiv...

India's Net Direct Tax Collection Falls 1.3% Year-On-Year To 5.6 Trillion Rupees, Says Income Tax...
