Home / Knowledge / News / Textiles / Aditya Birla Group to set up VSF plant in Turkey
Aditya Birla Group to set up VSF plant in Turkey
29
Dec '11
The largest Viscose Staple Fibre (VSF) producer in the world announced an investment of US $500 million, which would be invested over a period of five years in setting up a fully integrated VSF plant in Turkey.

The US $35 billion - Kumar Mangalam Birla-led, Aditya Birla Group will set up a fully integrated VSF plant, a captive power generation plant, CS2 plant and a sulphuric acid plant in Turkey's Adana Organised Industrial Zone.

The new VSF plant will have a capacity of 180,000 metric tons per annum and is expected to be operational by 2015. Once the Turkey VSF plant is commissioned, the group will have a VSF capacity of 930,000 tons per year.

Mr Birla said, “We have a 21 percent share in the global VSF markets and for us VSF is a core business. We look forward to significantly increasing our global VSF capacities. The setting up of this plant is a step in that direction”.

The global director of Aditya Birla VSF business – Mr KK Maheshwari said, “Our current VSF capacity is 750,000 metric tons per year and we aspire to take it to 1.1 million tons per annum by 2015”.

He added, “The Turkey plant will primarily service the domestic markets, since I believe Turkey is the fourth largest consumer of VSF in the world and is expected to be the second largest in the next five years. Currently 100 percent of VSF consumption is imported”.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search