ECO FIBER MARKET ANALYSIS

Market News

Eco Fiber Market Key Developments: 

• In May 2019, Aditya Birla Group's Grasim Industries announced the expansion of its specialty fiber business, which is expected to increase the company’s capacity by 40% in the next two years. This expansion is further expected to help the company in catering its customer’s increasing demand.
• On 25^th April 2019, Aditya Birla Group’s Cellulose, the pulp and fibre business of India launched plantable tag for its eco-enhanced variant Livaeco. This new launch is expected to attract customers due to the adaptation of eco-friendly practices throughout the manufacturing process.
• In December 2014, FlexForm Technologies announced the formation of FlexForm Korea Ltd. for acquiring and expanding the company’s production lines in Jeonju City and in Cheonan, in South Korea. The company started its manufacturing from 2015. This expansion helped the company in fulfilling the customer’s demands in South Korea in a shorter span of time.