Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
November 03, 2005 12:00 AM

Birla re-structures Indian Rayon activities

ERJ Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Mumbai, India -- The Aditya Birla Group is restructuring its activities, including the Indian Rayon group. Although the move is primarily financial, it will result in Indian Rayon becoming one of the largest private sector companies in India, with sales of around Euro 750 million.

    The new company will be called Aditya Birla Nuvo and wil be headed by the current managing drector of Indian Rayon, Sanjeev Aga. The carbon black activity will continue to be led by Dr. Rakesh Jain.

    Under the new arrangement, Aditya Birla will merge the activities of Indian Rayon and Industries Limited (Indian Rayon), Indo Gulf Fertilisers Limited (Indo Gulf) and Birla Global Finance Limited (Birla Global).

    Kumar Mangalam Birla, chairman, Aditya Birla Group said, "This restructuring is an important step in shareholder value creation. It creates a company that captures opportunities in the evolving Indian economy through leadership in focussed value businesses i.e., carbon black, VFY, textiles and fertilisers, and driving high growth businesses viz., garments, IT / ITES, financial services and telecom."

    Indian Rayon makes rayon for the textile industry and carbon black through two companies, Hi Tech Carbon, which makes furnace black at Renukoot in Uttar Pradesh and Birla carbon black which makes tyre grades at Gummidipoondi, near Chennai, in Tamil Nadu.

    Internationally, the Group also has carbon black facilities at its Alexandria Carbon Black unit in Egypt and Thai Carbon Black Public Company Ltd in Thailand and the recently acquired Liaoning Carbon Black unit in China.

    RECOMMENDED FOR YOU
    GRI launches phase 2 of $100m speciality tire project
    GRI launches phase 2 of $100m speciality tire project
    India decides against extending carbon black duties
    India decides against extending carbon black duties
    ANRPC upgrades forecasts for rubber supply and demand
    ANRPC upgrades forecasts for rubber supply and demand
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. All rights reserved.
    Contact Us European Rubber Journal, Crain Communication LTD, Ground Floor 11 Ironmonger Lane, London EC2V 8EY, UK

    Customer Service:
    1-313-446-0450

    Resources
    • About us
    • Contact Us
    • Staff
    • Advertise with Us
    • Media Kit
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac