Renewcell has signed a Letter of Intent (LoI) with Birla Cellulose, the pulp and fibre business of Grasim Industries, a flagship company of the Aditya Birla Group and one of the world’s largest man-made cellulosic fibre producers, concerning a long-term commercial collaboration for manmade cellulosic fiber production.
The agreement affirms the two companies’ intent to work together to supply high quality Liva Reviva textile fibers made using Circulose, Renewcell’s 100% recycled textile raw material, to global fashion brands and textile industry in the coming years. The shared ambition is to use 30000 tonnes of Circulose per year. The agreement has been facilitated by Ekman Group, Renewcell’s exclusive global trading partner.
Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre, cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2718.25 |
| DCM Shriram | 1225.85 |
| 3M India | 31394.15 |
| Hindustan Foods | 509.15 |
| Balmer Lawrie & Co | 176.20 |
| View more.. | |
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