Sarla Performance Fibers shuts down operations of US subsidiary

Capital Market 

Due to low capacity utilisation

Sarla Performance Fibers announced that its wholly owned subsidiary, Sarlaflex, has shut down its manufacturing operations temporarily due to low capacity utilisation. During the closure period, various annual maintenance and inspection activities shall be carried out. The Company is considering various options for its US subsidiary to make it profitable which includes entering into partnership/ strategic alliance.

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First Published: Fri, December 15 2017. 14:02 IST