INDIA: Sintex Spins Off Textile Arm Into Separate Unit
Plastics firm Sintex Industries is to spin off its textiles division into a separate firm called Bharat Viay Mills. This new company has a paid-up capital of Rs70 lakh and will be responsible for textile operations which previously accounted for around 40 per cent of Sintex's turnover. The demerger was approved by the Sintex board back in June as part of a plan to revamp of its operations, separate two unrelated areas of businesses, and make way for a joint venture collaboration. The two divisions have always operated independently and the break-away should be completed by 1 April 2002.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Rana Plaza four years on – Timeline of change
- Trump and Brexit get a dose of pragmatism
- Industry groups reaffirm commitment to Bangladesh
- Why collaboration is key to fashion supply chains
- Using worker surveys to drive supply chain change
- Adidas to digitalise Speedfactory concept
- Nike filed patent for "reinforced denim"
- Gap unveils five-year sustainable fibres pledge
- M&S extends sourcing deal with Lindsey brothers
- Adidas and Reebok top transparency index
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts
- Myanmar - ISA Country Report