Ravindra Heraeus acquires Arora Matthey’s catalyst and recycling site in Vizag

Udaipur-based precious metal products specialist, Ravindra Heraeus Pvt. Ltd., has announced the acquisition of the Visakhapatnam (Andhra Pradesh) site of Kolkata-based Arora Matthey. The site is specialised in production and recycling of precious metal catalysts.

Ravindra Heraeus is a joint venture equally owned by the Ravindra Choksi family and the German family-owned technology group, Heraeus. The joint venture is celebrating its 30^th anniversary this year.

Ravindra Heraeus said it will continue operations at the Vizag site with over 70 employees. The acquired facility produces precious metal containing catalysts that are used in the chemicals and pharmaceuticals industries. The offering includes heterogenous catalysts containing platinum group metals on a variety of catalyst carriers as well as homogenous catalysts. In addition, spent catalysts are returned and recycled – ensuring a full loop service, keeping scarce precious metals in the economic cycle.

“Arora Matthey has long standing relationships with customers, and we are committed to continue providing them with leading catalyst and recycling solutions. We are pleased to take over the facility and to continue the growth path together with the local team,” said Mr. Shailesh Choksi, Managing Director of Ravindra Heraeus.

Ravindra Heraeus already produces heterogenous precious metal catalysts at its main site in Udaipur. “The acquisition allows us to further expand our footprint to an advantageous location in south India, in line with our commitment to provide support close to our customers,” noted Mr. Choksi.

The acquisition follows several significant investments in the company’s Udaipur site in expanding its pyrometallurgical and wet chemical recycling capacities and capabilities.

“This is an excellent addition to Ravindra Heraeus. It allows us to increase our participation in India’s growth in pharmaceuticals and strengthen our leading global position in precious metal recycling,” said Mr. Steffen Metzger and Mr. Stefan Staubach, CEOs of Heraeus Precious Metals. The investment also shows Heraeus’ strong commitment to the Indian market, the company said.