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Time of India
9 hours 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.
Time of India
a day 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
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Business Standard
2 days ago
- Business
- Business Standard
Aditya Birla Group buys Cargill's speciality chemical facility in US
The Aditya Birla Group has acquired Cargill Inc.'s speciality chemical manufacturing facility in Dalton, Georgia, as part of its strategy to deepen its presence in the US chemicals sector and expand its advanced materials business, for an undisclosed amount. The deal, executed via Aditya Birla Chemicals (USA) Inc., a wholly owned unit of Aditya Birla Chemicals (Thailand) Ltd, adds to the Indian conglomerate's more than $15 billion US portfolio, which already includes Novelis and Birla Carbon. The Dalton facility spans 17 acres and produces a range of speciality chemicals, including epoxy resins and curing agents. The Advanced Materials unit plans to more than double the site's capacity from 16,000 tonnes to over 40,000 tonnes within two years and retain its 50 employees, the company said in a statement on Tuesday. 'This marks a strategic entry into the US chemicals industry and aligns with our broader commitment to support the revival of American manufacturing,' said Aditya Birla Group Chairman Kumar Mangalam Birla. 'We see significant opportunity to grow and modernise this facility and continue to look for other strategic assets.' The company also plans to introduce advanced materials for the automotive, renewable energy, and aerospace sectors, including proprietary technologies to recycle epoxy composites used in wind turbines, sports equipment, and pressure vessels. 'Establishing a local presence enables us to serve regional customers more efficiently and co-develop tailored solutions,' said Rajesh Balakrishnan, CEO of the Advanced Materials business. 'We're excited to enhance the facility's capabilities and expand our product offerings.' Jayant Dhobley, Business Head of Chemicals, Fashion & Insulators at Aditya Birla Group, said further investment at the Dalton site is expected in the coming months, along with the integration of technologies from the group's global operations.
