Hindalco to acquire US-based AluChem for $125 million
The acquisition, to be executed through its wholly owned subsidiary Aditya Holdings LLC, marks the first-ever entry by an Indian company into the niche low soda Tabular Alumina segment, a high-performance material critical to advanced industrial applications.
Tabular Alumina and ultra-low soda calcined alumina—AluChem's key offerings—are essential components in high-temperature and high-purity applications such as semiconductors, electric vehicles, precision ceramics, and refractories. As such, the global specialty alumina market is expected to grow rapidly, driven by demand in electronics, aerospace, medical devices, and advanced ceramics. Hindalco currently operates 500,000 tons of specialty alumina capacity, and aims to double it to 1 million tons by FY30.
'This acquisition marks a pivotal step in strengthening our capabilities in next-generation alumina applications,' said Satish Pai, Managing Director, Hindalco Industries. 'As alumina gains increasing relevance in critical and clean-tech sectors, AluChem's advanced chemistry capabilities will significantly enhance our ability to serve these fast-evolving markets.'
AluChem brings Hindalco a strong foothold in the North American market, with an annual production capacity of 60,000 tons across three advanced manufacturing facilities in Ohio and Arkansas. The US-based firm also boasts an established customer base and decades-long expertise in precision-grade alumina solutions.Group Chairman Kumar Mangalam Birla called the acquisition a key milestone in the metal giant's journey to lead in future-ready materials.'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,' said Birla. 'By integrating advanced technologies into our value chain, we are reinforcing our commitment to self-reliance, import substitution, and building scale in innovation-led businesses.'Meanwhile, Ronald P. Zapletal, Founder of AluChem, said the deal offers growth opportunities for both companies.
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