Aditya Birla Group to invest $500 million in Turkey VSF project

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Domain-B: The Aditya Birla Group plans to invest $500 million over the next five years to set up a viscose staple fibre (VSF) plant in Turkey's Adana Organised Industrial Zone. The $35-million group, which is the world's top manufacturer of VSF, proposes to set up a 180 kilotons per annum fully integrated VSF plant with a captive power  plant, CS2  plant  and  a  sulphuric acid plant.The VSF plant  will  come  up  in  two 

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phases, the company said in a press release on Thursday. "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," said Kumar Mangalam Birla, chairman, Aditya Birla Group.Read Full: domain-b.com : Aditya Birla Group to invest $500 million in Turkey VSF project

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