Mahalaxmi Rubtech proposes expansion of grey fabrics

Mahalaxmi Rubtech Ltd has announced that the Board of Directors of the Company at its meeting held on October 11, 2006, inter alia, has discussed and appraised on going expansion plan in Textile unit, MAHEEKA TEXTECH. The project of weaving preparatory facilities of imported secondhand Sizing and Warping machines are now under installation and are expected to be operational by the first week of November 2006. The Board further discussed and proposed to install more advanced weaving looms in a phased manner to increase the production capacity to manufacture high value grey fabrics for apparel and industrial use.

Source : Equity Bulls

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