Operating profit excluding special items was strong at $97m despite the third quarter being seasonally the weakest due to the summer holiday period in the northern hemisphere and the scheduling of annual maintenance work during the period. ...
Operating performance in the quarter was strong and substantially above the equivalent quarter last year. The group increased EBITDA excluding special items by 21% to US$175 million, operating profit excluding special items by 51% to ...
Tags: Stronger Performance, EBITDA
Kumara Mangalam Birla led Aditya Birla Chemicals (ABCIL) and a company of the Aditya Birla Group said it has received shareholders’ approval for merging the company with Grasim Industries. “The merger between the two companies ...
Tags: ABCIL
Grasim Industries, India’s pioneer in viscose staple fibre, will temporarily suspend production at its Nagda (Madhya Pradesh) plant. The company has informed the BSE that it has started reducing production of staple fibre at its ...
Tags: Grasim, Staple Fibre Production
Aditya Birla Group has announced the launch of Birla Cellulose’s ‘Liva’ brand. The Liva fabric uses Birla Cellulose’s viscose staple fibre (vsf) and is manufactured by the company’s accredited partners, who are ...
Tags: Aditya Birla Group, Liva fabric, fabric
The Board of Directors of Grasim has approved the proposed merger of the Aditya Birla Chemicals (India) Limited (ABCIL), another Aditya Brila Group company, with Grasim. Grasim’s Board of Directors approved the swap ratio of 1 ...
Tags: Aditya Birla Chemicals, Grasim
Austria based, Lenzing said looking at the challenging conditions, it will not undertake any new expansion projects at any of its viscose staple fibre (VSF) production sites across the world. Although Lenzing continues to anticipate good ...
Tags: viscose staple fibre, Textile
Grasim Industries Ltd., a flagship company of the Aditya Birla Group, has informed the Bombay Stock Exchange (BSE) that it has commenced commercial production at its Greenfield Viscose Staple Fibre (VSF) plant at Vilayat village in Bharuch ...
Viscose Staple Fibre (VSF) volume rose to 86,389 tons, up 11 percent at Grasim Ltd; a company of Kumaramangalam Birla-led Aditya Birla Group in the first fiscal quarter ending June 30, 2014. However higher input cost impaired the margins ...
Tags: Textile
Manmade fibre industry, which is witnessing an increasing demand for sustainable products, is likely to use wood pulp (a renewable source) as the main raw material for manmade cellulosic in the coming years. Speaking to Fibre2Fashion, ...
Tags: Fibre Demand, Viscose
Given the fast growing market demand for viscose staple fibre (VSF), a man-made, biodegradable fibre with characteristics akin to cotton, Hong Kong-listed specialty cellulose producer Sateria is trying to put the VSF fabric production ahead ...
Tags: VSF fabric, Textile
Grasim announces financial performance for the 2nd quarter ended 30th September, 2013 Consolidated Financial Performance: Grasim Industries Limited, an Aditya Birla Group Company, has reported Revenue of ` 6,849 crore and Net Profit of ...
Grasim Industries Limited, an Aditya Birla Group company, announced its results for the second quarter ended 30th September 2012. Revenue for the quarter grew by 15 per cent from Rs.5,755 crore to Rs.6,602 crore. PBIDT for the quarter was ...
Tags: Grasim Industries Limited, Viscose Staple Fibre, Chemical business