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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


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