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Related Keywords: domestic fiber business has grown by 22%, fiber, Grasim Industries, textile business, viscose, VSF business

Grasim’s managing director Dilip Gaur said that, “Viscose is eating out of other fiber markets. Our domestic fiber business has grown by 22% (annually) during the March 2018 quarter,” adding that the bulk of the growth in the textile business is expected to come from the company’s VSF business in the future.On a consolidated basis, Grasim Industries will invest more than Rs13, 327 crore in capex into its textile and cement businesses till financial year 2021.

Related Keywords: across organized retail stores, ethnic brand, Grasim Industries, its own apparel range, Jaya Shree Textiles, Linen Club, Linen club studio, offering fabric, part of the Aditya Birla Group, plan to launch, pure linen fabric market in India, shares about 70 percent, supplier of linen to many domestic players, suppliers to major international brands

Jaya Shree Textiles, a part of the Aditya Birla Group company Grasim Industries, offering fabric for Linen Club, an ethnic brand and shares about 70 percent of the pure linen fabric market in India and is said to be suppliers to major international brands such as Marks and Spencer, H&M and so on. It is also a supplier (of linen) to many domestic players is planning to launch its own apparel range across organized retail stores called “Linen Club Studio”.

Related Keywords: access to marquee customers globally, acquired by Mumbai based Donear, biggest strengths of GBTL, GBTL, Grasim Bhiwani Textile Limited, Grasim Industries, market products, poly-viscose suiting fabrics subsidiary, quality conscious trade partners, strategic edge in global textiles business, terms of world class production capabilities

Grasim Bhiwani Textile Limited (GBTL), the poly-viscose suiting fabrics subsidiary of Grasim Industries has been acquired by Mumbai based Donear a strategic edge in global textiles business in terms of world-class production capabilities to market products and access to the marquee customers globally.
The biggest strengths of GBTL are its quality-conscious trade partners and global customers, who have been associated with it for a long time. The Donear Group aims to build further on GBTL’s existing strengths.

Related Keywords: Aditya Birla Group company, divesting its total investment, entered into definitive agreement, GBTL, Grasim Bhiwani Textiles, Grasim Industries, manufacturing and marketing of polyester-viscose Fabric, part of Mumbai based Donear Group, Rajendra Synthetics Private Limited, textile business

Grasim Industries, an Aditya Birla Group company, has entered into definitive agreement for divesting its total investment in Grasim Bhiwani Textiles ( GBTL) to Rajendra Synthetics Private Limited, part of Mumbai based Donear Group.

Related Keywords: BJMC, building a plant, China, Grasim Industries, import of viscose material, Indian industry on edge, jute, major break through for textile sector, make viscose fibre from jute, MOD signed, offer technology and finance to Bangladesh, regular exporter of VSF, strengthen economic ties, Textile Industrial Corporation of China, Thai Rayon

China has made an offer of technology and finance to Bangladesh for building a plant to make viscose fibre from jute. Viscose made from cellulose fibre found in trees by way of a complex chemical treatment is softer than cotton with good moisture-absorbing properties. This offering by China is done in its pursuit to strengthen economic ties with South Asian countries.

Related Keywords: Aditya Birla group firm, alleged for discriminatory pricing ways, CCI, control volume of VSF production, cut down production, detailed probe called, different customers, dominant player, downstream textile products, Grasim Industries, increase price, offered different discounts, sale of VSF, textile manufacturers, Viscose Staple Fibre market, VSF

Aditya Birla group firm, Grasim Industries a dominant player in the Viscose Staple Fibre (VSF) market has been alleged for discriminatory pricing ways in the sale of viscose staple fibre (VSF). It is said that the company offered different discounts to different customers for the sale of viscose staple fibre.

The Competition Commission has called for a detailed probe by the Director General (DG) – its investigation arm against the Grasim Industries after prima facie finding evidence of competiton norms violations.

Related Keywords: biodegradable fibre with characteristics similar to cotton, global economy, Grasim Industries, maintain top position in the market, meet the rising demand for fibre, move people away from cotton, plans to produce fourth generation fabric, preparing three pronged strategy, textile maker of Aditya Birla Group, to speciality fibre, viscose, VSF

Grasim Industries, textile maker of Aditya Birla Group to maintain its top position in the market as well as fight volatility in the global economy is preparing a three-pronged strategy. The Kumar Mangalam Birla-owned Grasim the largest producer of VSF — a man-made, biodegradable fibre with characteristics similar to cotton — in the world with a 16% market share globally, and 90% in the domestic terrain.

Related Keywords: brand Liva, business development, Grasim Industries, next fiscal, plans to invest, product development, promoting garments made of VSF, research and development, traget retail customers, usage and awareness on VSF is limited, Viscose staple fibre, VSF catching up among domestic processors

Grasim Industries, a flagship company of the Aditya Birla Group plans to invest around Rs 150 crore for product development, R&D and business development in the next fiscal for its viscose staple fibre (VSF) brand Liva launched earlier this year to target retail customers, as the usage of viscose staple fibre (VSF) is already catching up among domestic processors with VSF-made winter collection expected to go up from 20 lakh garments this year to about 50 lakh garments next winter season, said Grasim Industries Managing Director KK Maheshwari .

Related Keywords: apparel industry, commissioned fourth line, Grasim Industries, home textiles and technical textiles to grow swiftly, largest consumer of synthetic yarns and fiber, of its greenfield VSF plant, Vilayut Gujarat, VSF capacity enhanced, VSF demand growing leaps and bounds

Grasim Industries commissioned its fourth line and completed the last phase of its greenfield viscose staple fibre (VSF) plant at Vilayat in Gujarat on March 3 as demand for VSF has been growing by leaps and bounds in India. With this, the company’s VSF capacity at Vilayat is enhanced to 120,000 tonnes per annum, while its overall VSF capacity stands enhanced at 498,000 tonnes per annum.

The healthy growth is expected to continue this year too. Demand in all user segments like apparel, home textiles and technical textiles has been growing swiftly.

Related Keywords: Aditya Birla Group, aggregate capacity, cost optimization, Grasim Industries, net profit, textile manufacturer, two lines, VSF

Grasim Industries Ltd, a flagship company of the Aditya Birla Group, started as a textile manufacturer in 1948. Today its core businesses are VSF and cement, contributing over 90% of its revenues and operating profits. It is also present in chemicals that are essentially a backward integration of VSF. Currently, Grasim is focusing relentlessly on cost optimization which is hitting the net profit.