BRIEF-Cosmo Ferrites Discontinues Manufacturing Of LED Lamps And Lighting Effects At Noida Unit

  • Reuters
  • Stock Market News
BRIEF-Cosmo Ferrites Discontinues Manufacturing Of LED Lamps And Lighting Effects At Noida Unit
Credit: © Reuters.

Oct 23 (Reuters) - Cosmo Ferrites Ltd CSFR.BO :

* SAYS DISCONTINUED MANUFACTURING OF LED LAMPS AND LIGHTING EFFECTS ("LED BUSINESS") AT ITS UNIT IN NOIDA

* COSMO FERRITES-DISCONTINUATION WILL IMPROVE OVERALL OPERATING PROFIT OF CO AND RELEASE RESOURCES FOR MORE PRODUCTIVE USE

* COSMO FERRITES -DUE TO LOWER THAN EXPECTED OFF-TAKE, NON-REMIMERATIVE PRICES AND UNSUSTAINABLE BUSINESS TERMS , LED LAMPS OPERATIONS RENDERED UNVIABLE

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