BUSINESS

Hindalco to acquire US-based AluChem for $125 million, to expand global specialty alumina footprint; targets 1 million tonnes by FY30

Hindalco Industries, through its subsidiary Aditya Holdings LLC, will acquire AluChem Companies Inc for $125 million. This all-cash deal aims to bolster Hindalco's specialty alumina portfolio, adding AluChem's 60,000-tonne annual capacity across three US facilities. The acquisition aligns with Hindalco's strategy to expand its global footprint in value-added, high-margin specialty chemicals.

TIMES OF INDIA
8 hours ago
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