Home / Knowledge / News / Textiles / Grasim ties up with Omikenshi to tap global rayon market
Grasim ties up with Omikenshi to tap global rayon market
14
Sep '12
Aditya Birla Group's Grasim Industries Limited and Omikenshi Co Ltd announced that they have entered into an agreement to jointly develop new international markets for several functional rayon products. Under the terms of the agreement signed, Omikenshi and Grasim will develop the technology together and manage the increased production anticipated as the companies enter new markets.

"Synergies between Grasim and Omikenshi will be leveraged for delivering enhanced value to our customers. We look forward to building a strong long-term relationship with Omikenshi," said Mr. K. K. Maheshwari, Managing Director of Grasim Industries and Head of the Pulp & Fibre business of Aditya Birla Group.

"We are pleased to be collaborating with Grasim," said Mr. Makoto Otomura, President of Omikenshi. "We believe that the combination of Grasim's considerable production capacity and Omikenshi's functional rayon technology will open markets for both companies."
 
In addition to specific products at the core of the agreement, the two companies will also explore future collaboration through a joint research and development programme.
 
Grasim Industries Limited is a flagship company of Aditya Birla Group, a US$ 40 billion global corporation with operations spanning 36 countries. Incorporated in 1947, its products include viscose staple fibre, grey cement, white cement, chemicals and textiles. Grasim is a publicly traded company listed on the Bombay Stock Exchange and National Stock Exchange of India while its GDRs are listed on the Luxembourg Stock Exchange. Grasim achieved a consolidated turnover of US$ 5.3 billion in FY 2011-12.
 
Omikenshi Co. Ltd. is a Japanese company with its principal offices in Osaka and Tokyo. Omikenshi was founded in 1917 and operates three major divisions: rayon viscose fibre including textiles, real estate development and retail consumer goods. Omikenshi is a publicly traded company listed on the Tokyo Stock Exchange and the Osaka Stock Exchange.

Grasim Industries Limited


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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