Sybly Industries to install Fibre Dyeing Plant

Sybly Industries Ltd has announced that the Company has decided as a part of its modernisation plan, to install a Fibre Dyeing Plant at its Uttar Pradesh factory. The Plant will create an installed capacity of 1000 MT p.a.

The Company has an order book position of Rs 350 million for the first half of this financial year indicating a growth of over 40% over the previous year. The Company has also successfully completed its first wave of expansion and upgraded its machinery as a result of which the output has increased by 25% and costs are down by 20%.

The Company is now firmly on the growth path with the first phase of expansion completed and the second phase well in progress to be completed by December 2007. For the second phase of expansion, orders for textile machinery have already been placed with Lakshmi Machine Works, Coimbatore and Schalfhorst of Germany, a world Leader in the supplier of Autoconers.

The Company's branded products 'Dagger' & 'Sybdura Poly' have helped post a 42% rise in quarterly profits and a 40% rise in sales.

Source : Equity Bulls

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