Aditya Birla Group, led by billionaire Kumar Mangalam Birla, is exploring entry into the production of carbon fibre.
The high-strength and light-weight composite material is expected to be a $4.7-billion global business by 2022, a Bloomberg report said, quoting a person familiar with Birla’s plans.
“The Aditya Birla Group, the $40-billion mining-to-mobile phone carrier conglomerate, may buy the technology to manufacture carbon fibre at one of its existing overseas manufacturing facilities,” said the person, according to the report.
Another option is to buy a carbon fibre plant from another company if the technology is too complex to be adapted at Birla plants, he was further quoted as saying.
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