Price of rayon yarn to be fixed twice a month

The long-pending demand of power loom associations to regulate the price of rayon yarn has finally been fulfilled, as rayon yarn manufacturers agreed to fix the price twice a month against the current

The long-pending demand of power loom associations to regulate the price of rayon yarn has finally been fulfilled, as rayon yarn manufacturers agreed to fix the price twice a month against the current system of frequent and erratic hikes.

A meeting was held at Texvalley at Chithode here recently which was presided over by Pallipalayam Mill Owners Association president Palanisamy and Palladam Textile Manufacturers Association president Murugesan. Members of Tamil Nadu Federation of Power Loom Association led by its coordinator P. Kandavel and power loom owners from Erode, Palladam, Somanur and Avinashi took part.