COMPANY BOMBAY DYEING MFG raises PRODUCTION polyester fabric
Representatives of the leading manufacturer of textiles and clothing Bombay Dyeing Mfg. Co. Ltd. reported that the company plans to invest 3.5 billion rupees in the modernization of a chemical plant in order to increase the production of polyester fabric to 165 000 tonnes for the third quarter of 2006
The company will build a plant for the processing of fabrics and sewing in western Maharashtra. Also plan to upgrade the retail markets and increase the production of polyester.
Bombay Dyeing has announced a net loss of 34.3 million rupees in the fourth quarter, which ended in March, compared with a net profit of 248.4 million rupees a year ago. Total revenue rose to 2.91 billion rupees, according to fibre2fashion.
