The firm mentioned its unit, Birla Cellulose, has signed a letter of intent with Renewcell, the Swedish textile-to-textile recycling innovator, regarding an extended-time period industrial collaboration for man-made cellulosic fiber production.
The settlement affirms the 2 firms’ intent to work collectively to provide prime quality Liva Reviva textile fibers made utilizing Circulose, Renewcell’s 100% recycled textile uncooked materials, to international style manufacturers and textile business within the coming years.
The shared ambition is to make use of 30,000 tonnes of Circulose per yr. The settlement has been facilitated by Ekman Group, Renewcell’s unique international buying and selling accomplice.
The letter of intent signed between Renewcell, and Grasim Industries supplies the framework for an upcoming offtake settlement between the events. The future offtake settlement will set out industrial phrases for the supply of sure volumes of Circulose dissolving pulp to Birla Cellulose over quite a few years.
Birla Cellulose intends to make use of Circulose as one of many feedstocks within the production of man-made cellulosic fibers beneath the model Liva Reviva, to be equipped to textile producers and style manufacturers worldwide.
Birla Cellulose, the pulp and fibre enterprise of the Aditya Birla Group, is a number one Man-Made Cellulosic Fibres (MMCF) producer. It operates 12 websites for pulp and fibre manufacturing that apply environmentally environment friendly closed loop applied sciences together with recycle supplies and enhanced conservation of pure assets.
Grasim Industries is a number one international producer of viscose staple fibre (VSF), the most important chlor-alkali, linen and insulators participant in India. Through its subsidiaries, UltraTech Cement and Aditya Birla Capital, additionally it is India’s largest cement producer and a number one diversified monetary companies participant.
On a consolidated foundation, Grasim Industries reported 26% rise in internet revenue to Rs 1,746 crore on 16% enhance in income to Rs 24,402 crore in Q3 FY22 over Q3 FY21.
Shares of Grasim Industries fell zero.09% to Rs 1666.10 on the BSE.
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(This story has not been edited by Business Standard workers and is auto-generated from a syndicated feed.)
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