News Tags

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: 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.

Related Keywords: India, viscose staple fiber, VSF

Grasim Industries said the work at greenfield viscose staple fibre project has been hampered due to unexpected floods at Vilayat in Gujarat in the last week of September. This will affect the project commissioning schedule, it said.  
Further the company said the operations at chemical plant are also suspended due to floods affecting the plant and power supply. 'This, however, is not likely to have any significant impact on the company's profitability, considering the present contribution of this plant to overall profitability.