SRF’s material wholly owned subsidiary -- SRF Industries (Thailand) has decided to close the operations of its Technical Textiles Business operating out of Rayong, Thailand as it was becoming economically unviable to continue running the plant. The Board of Directors of SRF Industries (Thailand) on September 18, 2019, decided the same.
It has been decided to close the operations of Technical Textiles Business - Rayong and dispose-off the assets of the business in the manner as may be decided by the Board of Directors of that company. Necessary approvals from the concerned authorities in this regard would be taken in due course.
SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.
