Grasim Industries Limited

A manufacturing business with its headquarters in Mumbai is called Grasim Industries

Limited. Since its founding in 1947 as a textile manufacturer, Grasim has expanded into a
variety of industries, including cement and financial services through its subsidiaries
UltraTech Cement and Aditya Birla Capital, as well as textile raw materials like viscose
staple fibre (VSF) and viscose filament yarn, chemicals[2], and insulators. The business
belongs to the Aditya Birla Group.
With a market share of roughly 24%, Grasim is the biggest producer of viscose rayon fibre
worldwide.15% of the group's total revenue comes from textiles and related items.
In 1947, Grasim Industries Limited was established. The Aditya Birla Group's first business
outside of India was Indo-Thai Synthetics Company Ltd, which was established in Thailand
in 1969 and began operations in 1970.
P.T. Elegant Textiles was established by the Aditya Birla Group in Indonesia in 1973. The
second firm in Thailand to operate in viscose rayon staple fibre, Thai Rayon was founded in
1974.
In 1974, the Aditya Birla Group acquired Century Textiles Co. Ltd., a weaving and dyeing
facility that produced and exported a variety of synthetic fabrics. Incorporated in 1979, PT
Sunrise Bumi Textiles exports yarn to over 30 nations across 6 continents.
Indonesian company P.T Indo Bharat Rayon, founded in 1980, manufactures viscose staple
fibre. Thai Polyphosphates and Chemicals, which was founded in Thailand in 1984 to make
sodium phosphates, later merged in 1995 with Thai Sulphites and Chemicals Company
Limited and 1992 with Thai Epoxy and Allied Products Company Limited to establish Aditya
Birla Chemicals Ltd. This business provides products to industries like food, textiles,
electrical and electronic equipment, composite materials, leather, plastics, and autos. In 1995,
PT Indo Liberty Textiles was established with the goal of producing synthetic spun yarn.
The company's operations in its Mavoor facility in 1985 encountered controversy after it shut
down, initially temporarily and then ultimately permanently.
Following the termination of the Multi-Fiber Arrangement, the textile industry became the
primary emphasis in the late 1990s and later (MFA).
The Aditya Birla Group and Tembec, Canada's joint venture, AV Cell Inc., began operations
in 1998 with the goal of producing softwood and hardwood pulp for internal use by the
Group's various divisions.
In 2012, Grasim Industries Ltd. and Tembec, Canada bought the manufacturer of dissolving
pulp AV Nackawic Inc.