“RCom under its performance management system has asked around 380 people to leave the company for non-performance. Cosmo Films has announced plans to install a new production line for Speciality Polyester (Biaxially - Oriented Polyethylene Teraphthalate) films by the third quarter of 2018-19. The new line will be commissioned at the Waluj Plant site in Aurangabad, Maharashtra with a capacity of 36,000 MT per annum. The project for the new line will entail an investment of Rs 250 crore.The auto major said its total production rose 10.29 per cent to 1.53 lakh units in March 2017 over March 2016. Apollo Tyres announced about the inauguration and commencement of commercial production at its manufacturing facility in Hungary with effect from April 7, 2017.

Source: Economic Times April 10, 2017 02:25 UTC