AksharChem (India) has decided to stop the production of H-Acid plant for indefinite period with immediate effect, as H-Acid plant of the Company witnessed adverse economic condition in the recent months.
The above decision has been taken after consideration of optimizing working capital usage of the Company as well as the commercial viability of the product especially in the recent situation in which textile companies are facing record high cotton price which has lowered the demand for dyes. However, the Company may start revival of the H-Acid production as and when prevailing market condition improves.
AksharChem (India) is engaged in the manufacture and sale of dyes and intermediates.
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