Indian company acquires pulp maker Domsjö
The acquisition is carried out through Aditya Birla Group's global companies Thai Rayon Public Company (Thailand) and Indo Bharat Rayon (Indonesia).Says Ola Hildingsson, CEO of Domsjö Fabriker: “For Domsjö, this is great news. Aditya Birla brings a strong financial base and global presence to our operations and strengthens our position in the entire value chain. With a commitment to continue to expand our production facilities and invest further in research and development, Aditya Birla is the perfect owner of Domsjö”."The acquisition of Domsjö Fabriker, a world-class company, marks a
significant milestone in our Viscose Staple Fiber (VSF) business," comments Kumar Mangalam Birla, Chairman of Aditya Birla Group. "We look upon the VSF business as a core
business that has a strong growth potential both in terms of revenues and
earnings. Domsjö's highly professional management team and their committed staff
add value to this acquisition. I most warmly welcome them to the extended Aditya
Birla family."Speciality pulp produced by Domsjö finds primary use in the textile segment (viscose staple fiber and viscose filament yarn). Around 25 percent of the production is used in premium applications, such as binding agents for medical products, particularly pharmaceutical tablets and in casings (wraps) for the food industry. In addition, their bio-refinery enables the company to extract the full value from its operations by the production of ethanol and lignosulphate as by-products.The production process is environmentally sensitive with low levels of emissions. The bleaching process for pulp is totally chlorine free (TCF) and is conducted through a unique closed loop bleaching process. Domsjö thus meets the highest environmental standards.