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Grasim Industries’ VSF business switch focus to exports markets in June quarter, Retail News, ET Retail

Davida Erdahl

Mumbai: Grasim Industries’ textile business, viscose staple fibre reported a total gross sales of 43 kilo tonne out of which 38% accounted for exports in the June quarter of the present-day monetary 12 months 2021, a increase of 153% yoy, the place the organization exported all around 15% of total gross sales in the similar quarter of FY twenty.

“VSF business switched aim to the export sector and devoted few output lines to cater to the export need of specialty products. The continual stream of yarn imports and weak need circumstances impacted the domestic spinning business,” the organization reported in a assertion

The operational and monetary effectiveness of the viscose business of Grasim was subdued for the months of April and Might 2020 thanks to lockdown, but witnessed regular improvement in the thirty day period of June 2020 and thereafter, with a increase in the capability utilisation throughout the vegetation

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