Hindalco to buy AluChem for $125 million, its 3rd US deal Khelja  |  25/06/2025 12:21:21

MUMBAI: Hindalco Industries, the metals flagship of the Aditya Birla Group , is set to acquire AluChem Companies, an Ohio-based manufacturer of specialty alumina, for an enterprise value of $125 million, marking its third acquisition in the US. The company previously acquired Novelis and Aleris Corporation.

The AluChem acquisition will be carried out through Aditya Holdings, a step down wholly owned subsidiary of Hindalco.

The Indian company currently operates 500,000 tons of specialty alumina capacity and aims to double it to 1 million tons by FY30. The global specialty alumina market is projected to grow significantly, with increasing demand for solutions in sectors ranging from ceramics and electronics to aerospace and medical applications to electric mobility and semiconductors.

Read more
UGC NET June 2025 answer key released; submit suggestions by July 8
Newspoint
Donald Trump rips into Elon Musk's party as relationship breaks down
Newspoint
Mumbai Horror! Stampede-Like Situation Seen At Ghatkopar Station; Visuals Raise Concern About Commuter Safety (VIDEO)
Newspoint
BCAS 77th Founding Day Conclave: 'Corporate Governance—Not A Matter Of Choice, It's An Imperative'
Newspoint
Why Do You Fear What You Cannot Control? Krishna's Timeless Answer
Newspoint
What Happens When You Master Your Mind Instead of Serving It? The Gita Shows the Path
Newspoint
Meghalaya's monsoon marvels: Root bridges, misty peaks & waterfalls
Newspoint
If you travel in a train after drinking alcohol, you will have to pay this fine.
Newspoint
How much salary does a Lekhpal get, and how much will it increase with the 8th Pay Commission?
Newspoint
Neurologist alert: These red flags may point to a hidden neurological problem
Newspoint