GRP is planning to temporarily suspend its production at Perundurai plant in Tamil Nadu with effect from October 1, 2020. Considering the demand situation currently and for the foreseeable quarters, the company has decided to consolidate its capacity across Ankaleshwar, Solapur and Panoli plant to curtail its fixed overheads cost to cope up with the current demand requirements. Operations and capacities at Ankaleshwar, Solapur & Panoli plant are adequate to cater the current customer demand. Hence, there would be no major impact on revenue and margins of the company. The company will make appropriate arrangements for existing manpower, material and machines on account of shutdown.
GRP produces reclaim rubber from scrap of whole tyres, tread peelings, natural rubber tubes, butyl tubes, moulded rubber products for different applications in both, tyre and non tyre rubber products.
Company Name | CMP |
---|---|
Apcotex Inds | 448.45 |
GRP | 6532.95 |
Pix Transmission | 1417.25 |
Elgi Rubber Co. | |
Rubfila Internatl. | 74.37 |
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