SRF says, margins safe, volumes to be affected by global meltdown

New Delhi, Nov 16 (UNI) Tyre cord maker SRF Ltd today said it expects its margins to remain healthy even as volumes may decrease in the current financial year due to the current economic downturn.

''We may see a hit on the volumes not margins by this fiscal end,'' company Chairman Arun Bharat Ram told reporters here on the sidelines of the three-day India Economic Summit, jointly organised by the Geneva-based World Economic Forum and the CII.

The India Economic Summit began on a note amid growing fears of recessionary trends. Nearly 700 participants from over 30 countries are articipating at the Summit.

The country's largest tyre cord manufacturer SRF, which had commenced operations in 1974, will have little impact of the global meltdown as its clients are mostly industries and do not supply to the consumers directly, Mr Ram said.

SRF Ltd manufactures technical textiles, fluorochemicals, packaging films and fluoro specialities.

Currently, SRF's products cater to industrial customers in more than 60 countries globally.

UNI SBA/MP PM0040