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Magna Electro Castings to shut down production for 4 days at Tamilnadu plant

01 Oct 2019 Evaluate

Magna Electro Castings has planned to shut down the production at Plant located at SF No. 34 & 35 (Part), Coimbatore-Pollachi Main Road, Mullipadi Village, Tamaraikulam Post, Pollachi Taluka, Coimbatore District, Tamilnadu for 4 Working days from October 25, 2019 to October 29, 2019 (both days inclusive). The company is going to shutdown production due to prevailing market conditions, lack of demand from customers and the intervening Diwali festival.

Magna Electro Castings is engaged in the manufacture and selling of ductile, grey and SiMo castings

Peers
Company Name CMP
AIA Engineering 3920.55
Alicon Castalloy 729.70
Nelcast 118.55
PTC Industries 21791.30
Synergy Green Inds. 639.15
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