Polyspin Exports Limited has decided to temporarily stop the production of Textile Division namely PEL Textiles (A Division of Polyspin Exports Limited) from June 16, 2023 onwards due to prevailing unremunerative sale price of OE Yarn and continuous increase in raw material prices for the past few months. The duration of stop in production of Textile Division will depend upon the improvement in the selling price of yarn and the production has been stopped until further notice.