Birla to acquire US chemical facility from agri giant Cargill
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).
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