22 April 1999: Birla VXL, the Indian soda ash and textile producer, is to demerge its soda ash business to form Saurashtra Chemicals, according to a recent press report.
The move has been made to cou…
22 April 1999: Birla VXL, the Indian soda ash and textile producer, is to demerge its soda ash business to form Saurashtra Chemicals, according to a recent press report. The move has been made to counter substantial losses as demand for soda ash has fallen, it said. Birla VXL reported a loss of Rp 51.5 million for the quarter ending December 1998 with turnover at Rp 1512 million.