Grasim Industries, a Aditya Birla Group company, is planning to set up a $500 million plant in Turkey for producing viscose staple fibre (VSF), a raw material used for making apparels and home textiles. It is looking for requisite approvals for this project.
The new facility along with a captive power plant and Sulphuric Acid plant will come up in two phases. Its current VSF manufacturing capacity is 7.5 lakh tonne per annum and it aims to raise it to 1.1 million tonnes by 2015. The company expects to commission plant in Turkey by early 2015. This capacity will cater primarily to the textile industries in Turkey.
Starting as a textiles manufacturer in 1948, today Grasim’s businesses comprise VSF, cement, chemicals and textiles. Grasim Industries’ core businesses are VSF and cement, which contribute to over 90 per cent of its revenues and operating profits.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2716.30 |
| DCM Shriram | 1185.00 |
| 3M India | 31300.30 |
| Hindustan Foods | 506.75 |
| Balmer Lawrie & Co | 173.35 |
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