Hindalco Industries Limited is the metal flagship of the Aditya Birla Group, which just acquired AluChem, Inc., a US-based specialty alumina manufacturer, for an enterprise value of around 1069 crore.
This is Hindalco’s third US acquisition. The company has already acquired Novelis and Aleris. With this strategic acquisition, the Indian company aims to increase its specialty alumina capacity to 1 million tons by the fiscal year 2030. Currently, Hindalco operates only 500,000 tonnes of metal.
The global demand for the metal has significantly risen. Specialty alumina is vehemently used in ceramics, electronics, semiconductors, medical, and aerospace applications.
This is a strategic acquisition that brings a lot of leverage to Hindalco in North America. Aluchem has a great market presence in the region with an annual capacity of 60,000 tons. Their operations are across three major manufacturing facilities in the US. Positioning Hindalco’s market presence and further enhancing the product portfolio of the company on a global scale.
“Our strategic foray into the specialty alumina space will not only accelerate the development of future-ready, sustainable solutions but also open new pathways to pursue high-impact growth opportunities,” commented Aditya Birla Group Chairman KumarMangalamBirla on the acquisitions of AluChem.
“The acquisition unlocks immediate synergies for Hindalco—expanding market access and broadening our product portfolio. Leveraging AluChem’s high-performance technologies, we aim to scale ultra-low soda alumina production and grow our global share. This strengthens our position as a future-ready, end-to-end alumina solutions provider.” commented Mr. Saurabh Khedekar CEO, Specialty Alumina Hindalco Industries.
