+
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

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code