Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / Grasim to increase VSF capacity by 58% to 788 KTPA
Grasim to increase VSF capacity by 58% to 788 KTPA
15
Feb '18
Courtesy: Grasim
Courtesy: Grasim
To tap the strong demand growth of VSF (viscose staple fibre) and maintain its leadership position, Grasim, a part of Aditya Birla Group, will increase its total VSF capacity by 58 per cent to 788 KTPA. This is in addition to the existing plan at the cost of Rs 802 crore. The company has also committed a fresh capex of Rs 3,523 crore for capacity expansion.

The net revenue of Grasim increased 24 per cent y-o-y for the third quarter of fiscal 2018 on the back of higher volumes and better realisation. The company's EBITDA was recorded at Rs 462 crore, up 15 per cent y-o-y in the third quarter of 2018. The domestic VSF market demand remained buoyant with sales volume up by 9 per cent y-o-y. 

"The uptrend in domestic caustic soda prices continues in the current quarter, driven by supply related issues in China and Europe and robust demand from major consuming segments (alumina and textile)," Grasim said in a press release.

"The VSF business will continue to focus on expanding the market in India by partnering with the textile value chain, achieving better customer connect through brand Liva and enriching the product mix through a larger share of specialty fibre.  The new capacities likely to come on stream in China may impact the global VSF prices in the near term," the press release added.

The demand for caustic soda in India is expected to grow with rising consumption from the alumina and textile sectors. The brownfield expansion of 144 KTPA caustic soda at Vilayat, Gujarat is expected to be commissioned by March 2018. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

AmCham Cambodia cautions US against possible sanctions

Apparel/Garments | On 22nd Sep 2018

AmCham Cambodia cautions US against possible sanctions

In a letter to US lawmakers, the American Chamber of Commerce...

Courtesy: ycloset

Apparel/Garments | On 22nd Sep 2018

Alibaba invests in clothes sharing platform Ycloset

Chinese garment sharing platform YCloset has completed an undisclosed ...

KG cracker; courtesy: Ineos

Textiles | On 22nd Sep 2018

Ineos to invest £60 mn in the UK to expand production

Ineos has announced plans to invest £60 million to expand its...

Interviews View All

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search