Cubex Tubings allowed to import copper alloy scrap

Cubex Tubings Ltd has announced that the Company has been permitted for procurement and recycling of Copper and Copper alloy scrap, 2200 MTS per annuam vide dated September 15, 2006 issued by Ministry of Environment and Forest, Govt. of India, New Delhi.

The Company can import low cost waste and scraps and will do inhouse refining / recycling of material, which can be used for its own consumption. This will reduce the cost of raw materials substantially, and it will add to further backward integration programme of the Company.

Source : Equity Bulls

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