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DIC India to close manufacturing unit at Mumbai

27 Mar 2014 Evaluate

DIC India has received an approval for closure of its manufacturing unit located at Chandivali Farm, Off Saki Vihar Road, Mumbai, effective from April 01, 2014. The board of directors at its meeting held on March 26, 2014 has approved for the same.

The closure of the Mumbai unit would not affect the overall production capacity of the company as relocation of the manufacturing process will take place.

DIC is not only a leader in Graphic Arts but has a strong presence in printers’ supplies, machinery, pigments and reprographic products.

Peers
Company Name CMP
Godrej Industries 1021.20
SRF 2490.00
BASF India 3411.40
Pidilite Inds. 1470.00
Tata Chemicals 607.90
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