Century Textiles Suspends Tyre Yarn Output
Diversified Century Textiles & Industries Ltd has reportedly suspended production of tyre yarn at its Century Rayon plant in Kalyan, a Mumbai suburb. According to a Reuters report, the firm is halting production of viscose filament yarn and tyre yarn “due to adverse market scenario and demand slowdown.” Century Rayon, which makes rayon, tyre cord and chemicals, has an annual production of 25,000 tonnes of textile and tyre yarn.
“The management will closely monitor the situation to restore the operation at appropriate time. Meanwhile, the factory will undertake the preventive maintenance of the tyre cord plant and related equipments,” the company said in a statement.