SRF’s arm to shut down manufacturing operations in Dubai

SRF’s wholly owned subsidiary - SRF Overseas has decided to close its manufacturing operations in Jebel Ali Free Zone, Dubai due to sustained downturn in European market and high fixed costs. The board of director at its meeting has approved for the same.

The plant and machinery of SRF Overseas in Jebel Ali Free Zone, Dubai would be relocated to one of the units of SRF in India subject to necessary approvals.

SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.