Views: 3 Author: Site Editor Publish Time: 2019-09-20 Origin: Site
The VSF business will continue to focus on expanding the market in India by partnering with the textile value chain, achieving better customer connect through its brand LIVA, extensions into new categories and enriching the product mix through a larger share of specialty fibre. VSF continues to be the fastest growing textile fibre globally. However, the new capacities commissioned in Asia in the recent past are expected to create short-term demand supply mismatch and resultant pressure on prices.
The Chemical business is under an expansion mode for both chlor-alkali and specialty chemicals. The ongoing expansion projects at different sites including at the recently acquired project in Andhra Pradesh and new product lines for specialty chemicals will enable significant growth of the business in near future.
The Cement demand growth is expected to be in line with GDP growth. The key long term demand drivers are the Government's pro-growth stance and thrust on infrastructure development, increased plan outlay for social housing program in phase -2 and pick up in rural / urban housing demand with reduction in the interest rates.
In Financial Services, ABCL is a universal financial solution provider catering to the diverse needs of its customers across their life cycle. ABCL is committed to serving the end-to-end financial services needs of its retail and corporate customers under a unified brand — Aditya Birla Capital.