Margins were under pressure as input costs, particularly chemicals and sulphur, registered a sharp rise. However, the current quarter's performance has shown good improvement over the immediately preceding first quarter of the current year, reflecting a healthy recovery. A sharp recovery in domestic demand and improved direct exports resulted in a healthy growth of 19 per cent in sales volumes and higher operating margins. VSF business is expected to perform better in the second half of the current year.
The company's research and application centre at Kharach (Gujarat) will foster the development of new applications and value-added products, which is expected to translate into increased demand for VSF.
As a pro-active step towards becoming self-sufficient in pulp and thereby reinforcing its competitive edge in the cellulosic manmade fibre sector, the company, along with the overseas group companies, plans to set up fully integrated operations at Laos. To this end, the company would develop plantations over the next seven years.
Grasim is the flagship company of the Aditya Birla Group. Starting as a textiles manufacturer in 1948, Grasim's businesses today comprise Viscose Staple Fibre (VSF), cement, sponge iron, chemicals and textiles. The Grasim textile division is located 127 kilometers south west of Delhi at Bhiwani, Haryana.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
