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    Schrader Duncan closes tube valves product plant at Ranjangaon MIDC, Pune

    Schrader Duncan Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 16, 2016 has approved closure of the Tube Valves Product line of the Company situated at F-33, Ranjangaon MIDC, Karegaon, Tal Shirur, Pune 412 209 as it is incurring cash losses and has ceased to be commercially viable.

    April 18, 2016 / 08:24 AM IST
     
     
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    Schrader Duncan Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 16, 2016 has approved closure of the Tube Valves Product line of the Company situated at F-33, Ranjangaon MIDC, Karegaon, Tal Shirur, Pune 412 209 as it is incurring cash losses and has ceased to be commercially viable. However, Tubeless Tyre Valves (TTV), Off The Road Tyre Products (OTR) and Fluid Power & Automation (FPA) business operations shall continue to work as normal.Source : BSE

    Read all announcements in Schrader Duncan

    Tags: #Announcements
    first published: Apr 18, 2016 08:24 am

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