Essel Propack Closes Arista Tubes Ltd, UK (A Step Down Subsidiary)

Essel Propack Ltd has announced that it has been decided to permanently shut down the production facility at Stevenage, United Kingdom of the Company's step down subsidiary viz. Arista Tubes Ltd.

This is in line with the Company's policy of rationalizing the production capacities, where under the supplies to the customer shall be met by sourcing the production through other units.

Source : Equity Bulls

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