Strikes at US ports to impact India, Indonesia, and South Korea: Moody

Aditya Birla Group Acquires Cargill Chemical Plant in Georgia, US

Aditya Birla Group has acquired Cargill Incorporated’s speciality chemical manufacturing facility in Dalton, Georgia, marking a significant expansion of its US Advanced Materials business. The 17-acre plant acquisition was announced on Thursday and is part of the group’s broader growth strategy in the US manufacturing sector, where it has invested over USD 15 billion to date.The deal was executed through Aditya Birla Chemicals (USA) Inc., a wholly owned subsidiary of Aditya Birla Chemicals (Thailand) Ltd. Kumar Mangalam Birla, Chairman of Aditya Birla Group, stated, “This acquisition rep..

JK Cement Acquires 60 Per Cent Stake in Saifco Cements for Rs 1.5 Bn

JK Cement has announced the successful acquisition of a 60 per cent equity stake in Saifco Cements Private Limited, marking a strategic step to strengthen its presence in the Union Territory of Jammu & Kashmir. Valued at Rs 150 crore, the deal aligns with JK Cement’s long-term strategy to enhance operations and deepen market penetration across North India.The acquisition involved purchasing shares from existing promoters along with fresh equity issued by Saifco. Following this transaction, Saifco has become a subsidiary of JK Cement, which will take over management control with immediate..

Shree Cement Sources Over 60 Per Cent Power From Renewables

Shree Cement has reached a significant sustainability milestone by sourcing over 60 per cent of its total power needs from renewable energy. With its renewable capacity now expanded to 582 MW, the company is setting new standards in environmentally friendly cement manufacturing.A recent highlight is the commissioning of a 60.3 MW solar power plant in Jodhpur, further strengthening Shree Cement’s commitment to clean energy. The company is aggressively investing in solar, wind, and waste heat recovery technologies across its production units as part of a climate-resilient strategy aimed at red..