Another big move by Kumar Mangalam Birla, set to acquire this American company for Rs 10740 crore, it is…, plans to…
This acquisition will help Hindalco’s existence in North America, where special alumin demand is rapidly increasing.
Image Source: Aditya Birla Group
In a big step towards global expansion, Aditya Birla Group, one of India’s leading business groups, announced that its company Hindalco Industries will buy American special alumina manufacturer Aluchem, an American special alumina manufacturer for US $ 125 million (about 10.740 RS). This will be Hindalco’s third acquisition in the United States after purchasing Novelis and Aleris Corporation.
The agreement will be carried out through Aditya Holdings, Hindalco’s US -based subsidiary. Aluchem currently runs three production facilities in Ohio in Ohio in the United States and Arkansas – three production facilities and produces approximately 60,000 tons of special alumin every year.
This acquisition will help Hindalco’s existence in North America, where special alumin demand is rapidly increasing. It is a form of aluminum oxide in high purity used in various advanced sectors such as special alumina, ceramic, electronics, aviation, medical devices, electrical vehicles and semiconductors.
Currently, Hindalco has a production capacity of 500,000 tons of special aluminous production per year. With this new addition, the company approaches the purpose of doubled this capacity by 2030.
Aditya Birla Group President Kumar Mangalam Birla described the agreement as a major step towards becoming a leader in high -tech materials. “Moving to the private alumina sector will not only accelerate the growth of sustainable solutions for the future, but also open high -effective growth opportunities.” He said.
What is special alumina?
Special alumina is a purified version of aluminum oxidine (al₂o₃) made by advanced methods. It is different from regular aluminance due to its high purity, strong physical properties and excellent chemical stability.
