22 April 1999: Binani Industries Ltd. of India has decided to hive off its glass fibre unit into a separate 100% subsidiary. The decision forms a part of its restructuring strategy to focus on zinc an…
22 April 1999: Binani Industries Ltd. of India has decided to hive off its glass fibre unit into a separate 100% subsidiary. The decision forms a part of its restructuring strategy to focus on zinc and lead smelting business. Binani Industries“ 6600 tonnes/year plant at Colvale in Goa is the largest fibre glass unit in India. The plant, set up in technical collaboration with Bishop Technologies Inc of the US, is currently operating at 80% capacity utilization.