Aditya Birla Group mulls to set up $350m project in Laos
17 Mar '06
3 min read
Shailendra Jain, Director, the group's pulp and fibre business, stated, "Laos is at the take-off stage of economic growth and our entry is just rightly timed to leverage the liberal foreign investment environment there. Laos is also strategically located to support our rayon fibre manufacturing plans in the South East Asia region where the textile hubs are growing".
The Aditya Birla Group's seven pulp and fibre plants span India, Thailand, Indonesia and Canada, with a collective capacity in excess of 775,000 tpa.
A US$8 billion conglomerate, with a market capitalisation in excess of US$11 billion, the Aditya Birla Group is anchored by an extraordinary force of 72,000 employees belonging to over 20 different nationalities. Over 30 percent of its revenues flow from its operations across the world.
The group's products and services offer distinctive customer solutions. Its 72 state-of-the-art manufacturing units and sectoral services span India, Thailand, Indonesia, Malaysia, Philippines, Egypt, Canada, Australia and China.
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