Page 136 - CW E-Magazine (8-7-2025)
P. 136

Top Stories


       SPECIALTY ALUMINA
       Hindalco to acquire US-based AluChem Companies

          Hindalco Industries Ltd., the metals                            these fast-evolving markets.  Impor-
       flagship firm of the  Aditya Birla                                 tantly, it deepens our high value-added
       Group, has announced the acquisition                               portfolio with  differentiated products
       of a 100% equity stake in US-based                                 that  drive  profi tability  and  strengthen
       AluChem Companies, Inc.,  a promi-                                 our global competitiveness.”
       nent manufacturer of specialty alumina,
       for an enterprise value of $125-mn. The                               AluChem brings Hindalco a strong
       acquisition will be carried out through                            presence in North America with a capa-
       Aditya Holdings  LLC, a step-down                                  city  of 60-ktpa  across its three  ad-
       wholly-owned subsidiary of Hindalco.  position in value-added, high-tech mate-  vanced manufacturing facilities  in
                                         rials. Our strategic foray into the spe-  Ohio and Arkansas. The company is a
          Hindalco’s Specialty Alumina busi-  cialty alumina space will not only acce-  long-established  supplier of ultra-low
       ness, a key pillar of its value-added  lerate the development of future-ready,  soda calcined  and tabular  alumina –
       strategy, has delivered consistent dou-  sustainable solutions but also open new  materials  known for their exceptional
       ble-digit  growth in recent  years and  pathways to pursue high-impact growth  thermal and mechanical  stability  used
       emerged as a high-growth, high-margin  opportunities. By integrating advanced  in cutting-edge applications  in high
       vertical within the company’s portfolio.  technologies  into our value chain, we  precision mechanical components, and
       As specialty alumina fi nds newer appli-  are reinforcing our commitment to self-  energy-intensive industrial refractories.
       cations across cutting-edge sectors such  reliance, import substitution, and build-
       as electric mobility, semiconductors,  ing scale in innovation-led businesses.”  The global specialty  alumina  mar-
       and precision ceramics, this acquisition                           ket  is  projected  to  grow  signifi cantly,
       is expected to help Hindalco move up   Commenting  on the develop-  with  increasing demand  for tailored
       the innovation value chain.       ment, Satish Pai, Managing Director,  solutions in sectors ranging from cera-
                                         Hindalco Industries, said, “As alumina  mics and electronics to aerospace and
          Kumar Mangalam Birla, Chairman  gains increasing relevance  in critical  medical applications. Hindalco currently
       of Aditya Birla Group, said, “This ac-  and clean-tech sectors, AluChem’s  operates 500-ktpa of specialty alumina
       quisition is an important  step in our  advanced  chemistry capabilities will  capacity and aims to scale up to 1-mtpa
       global strategy to  build a  leadership  signifi cantly enhance our ability to serve  by FY30.

       RECOGNISING EXCELLENCE
       FICCI invites nominations for ‘Chemicals
       and Petrochemicals Awards’


          The Federation of Indian Chambers  operational excellence, and global   FICCI said  Ernst &  Young (EY)
       of Commerce & Industry (FICCI) is  leadership.                     will serve as the ‘Knowledge Partner’
       inviting for nominations for the ‘FICCI                            for the awards, bringing their expertise
       Chemicals and Petrochemicals Awards   The awards will be conferred dur-  in assessment to ensure a fair and
       2025’, which aim to recognise exem-  ing the 4th edition of the ‘Summit on  objective evaluation.
       plary achievements and contributions  Global Chemicals  and Petrochemicals
       in the Indian chemicals and petrochemi-  Manufacturing Hubs (GCPMH  2025)’   The  fi nal  decision  on  the  award
       cals sector.                      being jointly organised by the Depart-  winners will be made by an indepen-
                                         ment of Chemicals and Petrochemicals,  dent jury of industry experts, based on
          These awards recognise companies  Ministry of Chemicals and Fertilizers,  clear criteria and the documentation
       and individuals who have signifi cantly  Government of India, in collaboration  submitted by the nominees.  The last
       contributed to advancing the industry  with FICCI on 13-14 November 2025  date for receiving applications is 30th
       through innovation, sustainability, safety,  at Bharat Mandapam, New Delhi.  August 2025.


       136                                                                       Chemical Weekly  July 8, 2025


                                      Contents    Index to Advertisers    Index to Products Advertised
   131   132   133   134   135   136   137   138   139   140   141