Aditya Birla Group to invest big in Laos

Aditya Birla Group to invest big in Laos

The India based Aditya Birla Group has announced their plans to make mega investments worth $ 350 millions in Laos for setting up a project to raise pulp wood specie plantations and a pulp plantation for its Viscose Staple Fiber (VSF) business.

They would be supported by Grasim Industries Ltd, Thai Rayon Public Co Ltd, Thailand and PT Indo Bharat Rayon, Indonesia who would also be investing in the project as equity holders. This project would be implemented in two stages and would involve plantation as part of the first phase, followed by the second phase, which includes setting up of the dissolving pulp plant.

The combined group has secured for this project 50,000 acres of land from the Government of Laos on lease for a 75-year period. Aditya Birla Group Chairman Kumar Mangalam Birla spoke about this initiative: “This plantation and pulp plant project with a two lakh tonnes per annum (TPA) capacity is a step to ensure that out future expansion needs are met. Our intent is to grow the cellulosic fiber business exponentially and so we would be requiring far larger quantities of pulp as our plans fructify.”