Latest news with #AdityaBirla
Time of India
2 days ago
- Business
- Time of India
Aditya Birla Group acquires Cargill's speciality chemical manufacturing facility in US, ET Manufacturing
Advt Advt Business conglomerate Aditya Birla Group has acquired Cargill 's speciality chemical manufacturing facility in Dalton, a statement on Thursday, the group announced the expansion of its US Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre speciality chemical manufacturing facility in Dalton, acquisition continues Aditya Birla's expansion in the US' manufacturing sector, a key aspect of Aditya Birla's growth strategy, which now totals over $15 billion in acquisition was executed through Aditya Birla Chemicals (USA) Inc., a wholly-owned subsidiary of Aditya Birla Chemicals (Thailand) Ltd."This acquisition represents Aditya Birla's strategic entry into the US chemicals industry, extending the business model of our other successful manufacturing businesses in the United States, including Novelis and Birla Carbon," said Kumar Mangalam Birla, Chairman of Aditya Birla Group."Our growth strategy in the United States is anchored in a commitment to leverage our deep manufacturing expertise to support the revitalisation of the growing American manufacturing sector. We look forward to investing in and expanding this foundational facility and identifying other strategic assets to drive growth."With this acquisition, the advanced materials business welcomes 50 business plans to expand the facility's current capacity of 16,000 tonnes per year to over 40,000 tonnes over the next two Birla Group will continue to manufacture the plant's current output of formulated resins, curing agents, reactive diluents and polyaspartic resins for the marine, industrial coatings, and flooring industries, which include epoxy resins, modifiers, curing agents, and other specialty chemicals sold under the brands CHEMCURE, ChemMod, Altor, Acme Shield, and ChemRes Additionally, it will introduce products for the automotive, renewable energy and aerospace industries, including its patented chemistries to enable recycling of epoxy composites used in wind, sports goods, pressure vessels and other applications."This acquisition reinforces our commitment to expanding our Advanced Materials business in the United States and globally. Establishing a local presence in the US will enable us to serve regional customers more efficiently and collaborate closely to develop tailored solutions."We are excited to leverage this facility to enhance its capabilities and broaden our product offerings for our customers," said Rajesh Balakrishnan, CEO of Aditya Birla Group, Advanced Materials business.
Fibre2Fashion
2 days ago
- Business
- Fibre2Fashion
Aditya Birla Group acquires Cargill's US specialty chemicals facility
Aditya Birla Group, a leading Indian multinational conglomerate and the largest Indian investor in the United States, announced the expansion of its U.S. Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre specialty chemical manufacturing facility in Dalton, Georgia. The acquisition continues Aditya Birla's expansion in the United States' manufacturing sector, a key aspect of Aditya Birla's growth strategy, which now totals over $15 billion in investment. Aditya Birla Group has acquired Cargill's 17-acre specialty chemical plant in Dalton, Georgia, expanding its US Advanced Materials business. The move adds 50 employees, with plans to boost capacity from 16,000 to over 40,000 tons. The facility will serve marine, coatings, and flooring industries, while also targeting automotive, renewable energy, and aerospace sectors. 'This acquisition represents Aditya Birla's strategic entry into the U.S. chemicals industry, extending the business model of our other successful manufacturing businesses in the United States, including Novelis and Birla Carbon,' said Mr. Kumar Mangalam Birla, Chairman of Aditya Birla Group. 'Our growth strategy in the United States is anchored in a commitment leverage our deep manufacturing expertise to support the revitalization of the growing American manufacturing sector. We look forward to investing in and expanding this foundational facility and identifying other strategic assets to drive growth.' With this acquisition, the Advanced Materials business welcomes 50 employees. The business plans to expand the facility's current capacity of 16,000 tons per year to over 40,000 tons over the next two years, affirming the business's commitment to local operations and job creation. The acquisition was executed through Aditya Birla Chemicals (USA) Inc., a wholly owned subsidiary of Aditya Birla Chemicals (Thailand) Ltd. "This acquisition by our Advanced Materials business will strengthen cooperation with customers in developing next-generation products,' said Mr. Jayant Dhobley, Business Head of CFI, Aditya Birla Group, 'We remain committed to further investments at this site in the coming months and will introduce advanced technologies from our global operations.' Aditya Birla Group will continue to manufacture the plant's current output of formulated resins, curing agents, reactive diluents and polyaspartic resins for the marine, industrial coatings, and flooring industries, which include epoxy resins, modifiers, curing agents, and other specialty chemicals sold under the brands CHEMCURE, ChemMod, Altor, Acme Shield, and ChemRes. Additionally, the Advanced Materials business will introduce products for the automotive, renewable energy and aerospace industries, including its patented chemistries to enable recycling of epoxy composites used in wind, sports goods, pressure vessels and other applications. "This acquisition reinforces our commitment to expanding our Advanced Materials business in the United States and globally. Establishing a local presence in the U.S. will enable us to serve regional customers more efficiently and collaborate closely to develop tailored solutions. We are excited to leverage this facility to enhance its capabilities and broaden our product offerings for our customers,' said Mr. Rajesh Balakrishnan, CEO of Aditya Birla Group – Advanced Materials business. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Time of India
3 days ago
- Business
- Time of India
Aditya Birla Group acquires Cargill's speciality chemical manufacturing facility in US
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Business conglomerate Aditya Birla Group has acquired Cargill's speciality chemical manufacturing facility in Dalton, a statement on Thursday, the group announced the expansion of its US Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre speciality chemical manufacturing facility in Dalton, acquisition continues Aditya Birla's expansion in the US' manufacturing sector , a key aspect of Aditya Birla's growth strategy, which now totals over USD 15 billion in acquisition was executed through Aditya Birla Chemicals (USA) Inc., a wholly-owned subsidiary of Aditya Birla Chemicals (Thailand) Ltd."This acquisition represents Aditya Birla's strategic entry into the US chemicals industry , extending the business model of our other successful manufacturing businesses in the United States, including Novelis and Birla Carbon," said Kumar Mangalam Birla, Chairman of Aditya Birla Group."Our growth strategy in the United States is anchored in a commitment to leverage our deep manufacturing expertise to support the revitalisation of the growing American manufacturing sector. We look forward to investing in and expanding this foundational facility and identifying other strategic assets to drive growth."With this acquisition, the advanced materials business welcomes 50 business plans to expand the facility's current capacity of 16,000 tonnes per year to over 40,000 tonnes over the next two Birla Group will continue to manufacture the plant's current output of formulated resins, curing agents, reactive diluents and polyaspartic resins for the marine, industrial coatings, and flooring industries, which include epoxy resins, modifiers, curing agents, and other specialty chemicals sold under the brands CHEMCURE, ChemMod, Altor, Acme Shield, and it will introduce products for the automotive, renewable energy and aerospace industries, including its patented chemistries to enable recycling of epoxy composites used in wind, sports goods, pressure vessels and other applications."This acquisition reinforces our commitment to expanding our Advanced Materials business in the United States and globally. Establishing a local presence in the US will enable us to serve regional customers more efficiently and collaborate closely to develop tailored solutions."We are excited to leverage this facility to enhance its capabilities and broaden our product offerings for our customers," said Rajesh Balakrishnan, CEO of Aditya Birla Group, Advanced Materials business. PTI
Time of India
4 days ago
- Business
- Time of India
Birla to acquire US chemical facility from agri giant Cargill
MUMBAI: Aditya Birla Chemicals, a privately held company owned by Kumar Mangalam Birla and his family, is set to acquire a chemical manufacturing facility in the US from agribusiness major Cargill. The facility, spanning 17 acres, is located in Dalton, Georgia. The deal signifies Birla's continuous expansion in the American manufacturing sector, with investments exceeding $15 billion over the past 17 years, and cementing his position as the biggest Indian investor in the country. "This acquisition represents Aditya Birla's strategic entry into the US chemicals industry, extending the business model of our other successful manufacturing businesses in the United States, including Novelis and Birla Carbon," said Aditya Birla Group chairman Kumar Mangalam Birla. The Cargill facility currently employs 50 people and has an annual capacity of 16,000 tons, which will be boosted to 40,000 tons within the next two years. The acquisition is being carried out through Aditya Birla Chemicals (USA), a wholly owned subsidiary of Aditya Birla Chemicals (Thailand). Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
4 days ago
- Business
- Business Standard
Vodafone Idea to seek shareholder nod for ₹20,000 cr fundraise, AoA tweak
Vodafone Idea Ltd has called an extraordinary general meeting on 27 June to seek shareholder approval for a ₹20,000 crore ($2.4 billion) capital raise and amendments to its Articles of Association (AoA) aimed at retaining promoter control. Shareholders will vote on two special resolutions. The first relates to changes in the company's AoA to reflect amendments in the shareholders' agreement that preserve governance and management rights for the promoters — Aditya Birla group and Vodafone Plc. The planned fundraise is part of Vodafone Idea's broader effort to strengthen its balance sheet and support investments in network expansion and 5G rollout. The move comes as the cash-strapped telecom operator continues to battle intense competition and legacy dues.
