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Birla Group: Sri Lanka plant is not confirmed

According to the European Rubber Journal, Aditya Birla has declined to confirm reports that it is planning to build a new carbon black plant in Sri Lanka. Dr. Rakesh Jain, Birla’s global director for carbon black, was quoted as saying, “We are always exploring new opportunities that will help create shareholders’ value and grow the business. As of this moment, it is premature to comment on our plans.” The ERJ article is here (subscription required).

Plans for the new plant were discussed in a previous post available here. The information was based on a press release and statements by Sri Lanka’s Ministry of Enterprise Development.

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