Century Enka has decided to close down the operations of Raigad Processors factory with effect from August 14, 2012. The total turnover of this factory in the financial year 2011-12 was Rs 85 crore i.e. about 5% of total turnover of Rs 1,650 crore. Currently, there are 34 employees in the factory while the total number of employees in the company as on March 31, 2012 was in the tune of 1,587.
Earlier in May this year the company had suspended operations at Mahad site. The site has two factories, viz. Konkan Synthetic Fibers and Raigad Processors.
Century Enka manufactures nylon and other man-made fibres and fabrics. Nylon yarn is marketed in India under the trade mark ‘Enkalon’. The company produces jumbo beams, specialty yarns, industrial/fiber grade chips, industrial yarns and tyre-cord fabrics.