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Indian Card Clothing Company discontinues operations at Pune factory

04 May 2018 Evaluate

Indian Card Clothing Company has discontinued operations at its factory situated at Pimpri, Pune, through an amicable settlement with the unionised employees. It has taken the interest of all the unionised employees working in this factory into consideration, while negotiating the settlement.

As a result of this strategic decision, the production facility will be shifted to the company’s existing state-of-the-art manufacturing facility in Nalagarh, Himachal Pradesh.

Indian Card Clothing Company is engaged in manufacture of card clothing and realty. The company’s segments include Card Clothing and Realty.

Peers
Company Name CMP
LMW 16702.00
Lohia Corp 517.70
Stovec Industries 1341.95
Veejay Lakshmi Engg 37.39
Indian Card Clothing 190.35
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