+
Hindalco Acquires US-based Specialty Alumina Maker AluChem for $125 mn
Steel

Hindalco Acquires US-based Specialty Alumina Maker AluChem for $125 mn

Hindalco Industries has acquired 100 per cent equity stake in US-based specialty alumina manufacturer AluChem Companies for $125 million. The acquisition is being executed through its stepdown wholly owned subsidiary, Aditya Holdings. The deal represents a major investment in specialty alumina and is seen as a key move towards scaling Hindalco’s high-value, technology-led materials portfolio.

The acquisition aligns with Hindalco’s global strategy to strengthen its position in value-added, high-tech materials and is expected to accelerate the development of sustainable, future-ready solutions while unlocking new growth opportunities in advanced sectors.

The deal is set to enhance Hindalco’s presence in North America, as AluChem operates three advanced manufacturing facilities in Ohio and Arkansas with a combined annual capacity of 60,000 tons. The acquisition is also expected to help the company tap into growing applications of specialty alumina in emerging sectors such as electric mobility and semiconductors.

With alumina gaining importance in critical and clean-tech industries, the advanced chemistry capabilities of AluChem are anticipated to significantly boost Hindalco’s ability to cater to these rapidly evolving markets.

News source: Money Control

Hindalco Industries has acquired 100 per cent equity stake in US-based specialty alumina manufacturer AluChem Companies for $125 million. The acquisition is being executed through its stepdown wholly owned subsidiary, Aditya Holdings. The deal represents a major investment in specialty alumina and is seen as a key move towards scaling Hindalco’s high-value, technology-led materials portfolio.The acquisition aligns with Hindalco’s global strategy to strengthen its position in value-added, high-tech materials and is expected to accelerate the development of sustainable, future-ready solutions while unlocking new growth opportunities in advanced sectors.The deal is set to enhance Hindalco’s presence in North America, as AluChem operates three advanced manufacturing facilities in Ohio and Arkansas with a combined annual capacity of 60,000 tons. The acquisition is also expected to help the company tap into growing applications of specialty alumina in emerging sectors such as electric mobility and semiconductors.With alumina gaining importance in critical and clean-tech industries, the advanced chemistry capabilities of AluChem are anticipated to significantly boost Hindalco’s ability to cater to these rapidly evolving markets.News source: Money Control

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?