Mumbai, June 25: Aditya Birla-owned metals major Hindalco Industries announced on Tuesday that it will acquire 100% equity in US-based AluChem Companies, Inc. for $125 million.The acquisition, to be executed through its wholly owned subsidiary Aditya Holdings LLC, marks the first-ever entry by an Indian company into the niche low soda Tabular Alumina segment, a high-performance material critical to advanced industrial applications.
Tabular Alumina and ultra-low soda calcined aluminaāAluChemās key offeringsāare essential components in high-temperature and high-purity applications such as semiconductors, electric vehicles, precision ceramics, and refractories.
As such, the global specialty alumina market is expected to grow rapidly, driven by demand in electronics, aerospace, medical devices, and advanced ceramics. Hindalco currently operates 500,000 tons of specialty alumina capacity, and aims to double it to 1 million tons by FY30.
This acquisition marks a pivotal step in strengthening our capabilities in next-generation alumina applications,ā said Satish Pai, Managing Director, Hindalco Industries. āAs alumina gains increasing relevance in critical and clean-tech sectors, AluChemās advanced chemistry capabilities will significantly enhance our ability to serve these fast-evolving markets.ā
AluChem brings Hindalco a strong foothold in the North American market, with an annual production capacity of 60,000 tons across three advanced manufacturing facilities in Ohio and Arkansas. The US-based firm also boasts an established customer base and decades-long expertise in precision-grade alumina solutions.
