Sybly Industries, a manufacturer of polyester yarn, has successfully ventured into using recycled polyester fiber for manufacturing of polyester yarn. The company, now looking into the future of this product intends to launch its own brand of quality polyester yarn made from recycled polyester fiber.
Recycled polyester yarn is not only cost effective, matching quality but it is environment friendly too.
Big giants like Adidas, Nike, & Levi's have already started sourcing from India products made of recycled polyester yarn.
Giving boost to this product eminent personality like Emma Watson wore gown made of RPY at a GALA Dinner 2016. RCB team wore jerseys made of 100% RPY in recent IPL matches.
Manufacturing Polyester Yarn from Recycled Fiber may increase margins up to 10% in comparison to the use of fresh fiber. Sybly is looking forward to make best of this opportunity.
Sybly Industries is currently trading at Rs 7.76, up by 0.18 points or 2.37% from its previous closing of Rs. 7.58 on the BSE. The current market cap of the company is Rs. 31.55 crore.
The promoters holding in the company stood at 23.78%, while Institutions held 76.22% stake.
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