Board of Pankaj Polymers reviews operations

At meetign held on 02 March 2015

Pankaj Polymers announced that the Board of Directors of the Company at its meeting held on 02 March 2015, reviewed the operations of HDPE/ PP Woven Sacks Segment / Division and noted that the division is incurring losses due to fluctuation of Raw Material Prices, stiff competition, change in technology and insolence of existing plant, the Board advised the Managing Director to work out on the following alternatives

1. Modernization of Plant and Machinery by replacement of Existing machinery.

2. Analyse on induction of New Products in the Division.

3. Analyse on the expanding the Market / customers.

 

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