Aditya Birla acquires Swedish-based Domsjö Fabriker $ 340 million

Aditya Birla acquires Swedish-based Domsjö Fabriker for $ 340 million

10:39 AM, 19th April 2011
Aditya Birla acquires Swedish-based Domsjö Fabriker for $ 340 million
Kumar Mangalam Birla, Chairman, Aditya Birla Group.

MUMBAI, INDIA: Aditya Birla Group announced it has acquired Domsjö Fabriker, a leading Swedish speciality pulp and bio-refinery company, through its global companies Thai Rayon Public Co Ltd (Thailand) and Indo Bharat Rayon (Indonesia), for a sum of $ 340 million from a Swedish consortium.

“The acquisition of Domsjö Fabriker, its cutting edge technology and production process coupled with a bio-refinery, add significant value to our pulp & fibre operations. Its high quality pulp will enable us enhance the supply of top quality premium viscose staple fibre (VSF) to customers,” said Kumar Mangalam Birla, Chairman, Aditya Birla Group. This acquisition will help the group’s pulp & fibre business to further consolidate its global position.

“This acquisition is in line with our strategy of having a substantive part of our speciality pulp for our consumption through our captive source. Domsjö has an extensive investment programme for capacity expansion from its current 210,000 tons to 255,000 tons per annum by 2012. Committed to Domsjö’s growth, our intent is to expand the innovation and research and development efforts,” said K K Maheshwari, Business Head-Pulp & Fibre, Aditya Birla Group.

(C) WOC News



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