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Fiberweb to close down subsidiary situated in United Arab Emirates

17 Mar 2023 Evaluate

Fiberweb (India) has received an approval for close down of the wholly owned subsidiary of the company M/s Sheth Non-Woven Trading FZE situated in Ras Alkhaimah, United Arab Emirates due to its non-operations. The Board of Directors of the company at its meeting held on the March 17, 2023, approved the same.

Fiberweb (India) is engaged in the manufacture of High Quality Spun Bond NONWOVEN Roll Goods Used in Hygiene Industry, Agriculture Crop Cover, Medical & Industrial Clothing & other Innovative Uses.

Peers
Company Name CMP
Vardhman Textiles 577.60
Welspun Living 214.65
Arvind 552.40
Raymond Lifestyle 648.00
K.P.R. Mill 1141.30
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