JBF Industries subsidiary commences production of PET grade chips

JBF Industries Ltd has announced that JBF RAK FZ LLC, subsidiary of the Company, has successfully started production of PET grade chips under 1st phase. The Company has polymerization capacity of 900 TPD.

In the 2nd phase, JBF RAK FZ LLC, expects to start production of Polyester Film (BOPET) by last quarter of 2007.

The stock was trading at Rs.156.55, up by Rs.4.55 or 2.99%. The stock hit an intraday high of Rs.159.70 and low of Rs.152.50. The total traded quantity was 235695 compared to 2 week average of 201601.

Source : Equity Bulls

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