The Aditya Birla Group, a $35 billion multinational corporation, unveiled its plans to set up a Viscose Staple Fibre (VSF) plant in Turkey's Adana Organised Industrial Zone. The Group, which is the world's No.1 VSF manufacturer, proposes to invest $500 million over the next five years to set up a 180 ktpa fully integrated VSF plant with a captive power plant, CS2 plant and a sulphuric acid plant. The VSF plant will come up in two phases.
"In the Viscose Staple Fibre sector, we are reckoned as a marquee Group with over 21 per cent of the global market share. For us in the Aditya Birla Group, VSF is a core business. Our aspiration is to significantly ramp up our global market share and our capacities by the turn of the decade. Establishing a world-class plant in Turkey is a step in this direction," commented Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group.The Aditya Birla Group, a $35 billion multinational corporation, unveiled its plans to set up a Viscose Staple Fibre (VSF) plant in Turkey's Adana Organised Industrial Zone. The Group, which is the #
Elaborating, Mr. K. K. Maheshwari, Global Director of the VSF Business, said, "Currently, our VSF manufacturing capacity is 750 ktpa. Our ambition is to raise it to 1.1 million tonnes by 2015. We expect to commission our plant in Turkey by early 2015. This capacity in Turkey will primarily cater to the textile industries here. Currently, 100 per cent of VSF used in the textile and non-woven sectors is imported. Turkey, I believe is the 4th largest consumer of VSF in the world. It is expected to become the 2nd largest consumer over the next five years. So setting up the VSF manufacturing facility here makes imminent sense. We have been much encouraged by the Government's proactive industrial policies and the work ethos."
While the plant will cater primarily to the domestic market, the Group will export around 20 per cent of the VSF produced in Turkey to European Union and other neighbouring countries. Mr. Maheshwari added, "It will provide employment to nearly 500 Turkish nationals, besides generating substantial indirect employment through its engagement with the ancillary industries."
Aditya Birla Group's Pulp & Fibre operations span six countries – Canada, Sweden, Thailand, Indonesia, China and India. The Group is on an ambitious expansion trajectory, and is ramping up capacities in other parts of the world as well. A 120 ktpa greenfield project at Vilayat in Gujarat and a 36 ktpa brownfield expansion at Harihar in Karnataka, both in India, are underway at a total investment of $450 million.
About Aditya Birla Group
The Aditya Birla Group, a $35 billion corporation with a market cap of $29 billion, is in the league of the Fortune 500 companies. It operates in 36 countries across the globe, and is anchored by 133,000 employees belonging to 42 different nationalities. This meritocratic Group was ranked Number 4 in the Global "Top Companies For Leaders" and ranked Number 1 in Asia, in a survey conducted by Aon Hewitt, Fortune Magazine and RBL (a strategic HR & Leadership Advisory Firm), in 2011.
Aditya Birla Group
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