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Grasim to curtail VSF production by 30%

27
Oct '08

Grasim Industries Ltd has informed BSE that due to global slow down of economic activity and rising inflation the Textile Industry world wide has slowed down.

Considering this along with the impact of recent financial crisis which has increased the trade credit risk factor, the Company has decided to curtail its production of Viscose Staple Fibre by approximately 30% from the current level between its Nagda (M.P.) and Kharach (Gujarat) plants.

The Company will use this period for scheduled maintenance which is being preponed.

Grasim Industries Limited, a flagship company of the Aditya Birla Group, ranks among India's largest private sector companies, with consolidated net revenues of Rs.141 billion and a consolidated net profit of Rs.20 billion(FY2007).

Grasim Industries Ltd

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