SRF Limited Announces Temporary Closure of Headquarters in Gurugram, Haryana and Chemical Business Plant in Bhiwadi, Rajasthan
March 23, 2020 at 06:54 am EDT
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SRF Limited announced that in view of the escalating COVID 19 situation and in compliance with the Government Directions, the company has decided to close the operations of the Headquarters in Gurugram, Haryana and Chemical Business plant in Bhiwadi, Rajasthan for a period from 23rd March, 2020 to 31st March, 2020. The company may also be required to temporarily/partially close operations at its offices and various plants across India in near future in accordance with the directives issued by the respective State Governments, from time to time. During the temporary/partial closure, the operations of the Company will be adversely impacted. The expected financial impact of the same is not ascertainable at this stage. The duration of this closure(s) will depend upon further directions from the Government Authorities.
SRF Limited is a chemical-based multi-business company engaged in the manufacturing of industrial and specialty intermediates. The Company's segments include Technical Textiles Business (TTB), Chemicals Business (CB), Packaging Film Business (PFB) and Others. The TTB segment's business includes nylon tire cord fabric, belting fabric, polyester tire cord fabric and industrial yarns and its research and development. The CB segment's business includes refrigerant gases, industrial chemicals, specialty chemicals, fluorochemicals and allied products and its research and development. The PFB segment's business includes polyester films and polypropylene films. The others segment includes coated fabric, laminated fabric and other ancillary activities. The Company has around 12 manufacturing plants in India and one each in Thailand, South Africa and Hungary. The Company exports to over 90 countries. It serves various industries, such as automotive, pharmaceuticals, manufacturing and chemicals.