Latest news with #SatishPai
Hans India
25-06-2025
- Business
- Hans India
Hindalco to acquire US-based AluChem Companies, Inc. for $125mn, expands global play in high-tech alumina
Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, has announced the acquisition of a 100% equity stake in US-based AluChem Companies, Inc., a prominent manufacturer of Specialty Alumina, for an enterprise value of USD 125 million. The acquisition will be carried out through Aditya Holdings LLC, a step down wholly owned subsidiary of Hindalco. This strategic acquisition marks a significant investment in specialty alumina, a key step in scaling its high-value, technology-led materials portfolio. Hindalco's Specialty Alumina business, a key pillar of its value-added strategy, has delivered consistent double-digit growth in recent years and emerged as a high-growth, high-margin vertical within the company's portfolio. As specialty alumina finds newer applications across cutting-edge sectors such as electric mobility, semiconductors, and precision ceramics, this acquisition propels Hindalco up the innovation curve—enabling access to next-generation alumina applications and driving value-accretive growth. Kumar Mangalam Birla, Chairman of Aditya Birla Group, said, 'This acquisition is an important step in our global strategy to build a leadership position in value-added, high-tech 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. 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.' Commenting on the development, Mr. Satish Pai, Managing Director, Hindalco Industries, said, 'This acquisition marks a pivotal step in strengthening our capabilities in next-generation alumina applications. 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. Importantly, it deepens our high value-added portfolio with differentiated products that drive profitability and strengthen our global competitiveness. It reinforces our commitment to innovation and to expanding our global footprint.' AluChem brings Hindalco a strong presence in North America with an annual capacity of 60,000 tons across its three advanced manufacturing facilities in Ohio and Arkansas. The company is a long-established supplier of ultra-low soda calcined and Tabular Alumina—materials known for their exceptional thermal and mechanical stability used in cutting-edge applications in high precision mechanical components, and energy-intensive industrial refractories. Saurabh Khedekar, CEO – Alumina Business, Hindalco Industries, added, 'The acquisition unlocks immediate synergies for Hindalco, including market access and product portfolio expansion. Hindalco plans to work with AluChem's high performance technology solutions and scale up production of ultra-low soda alumina products to drive larger global market share. The acquisition reinforces our ability to offer end-to-end alumina solutions that are both future-ready and customer-centric.' Ronald P. Zapletal, Founder, AluChem Companies, Inc., said, "This partnership with Hindalco brings AluChem the ability and capital to scale up faster and build scale in North America. AluChem will benefit from their world-class sustainability and safety standards and practices, access to integrated operations and consistent, reliable raw material supply chain. Their ability to leverage R&D capabilities and a talented workforce adds tremendous value to our innovation pipeline, helping drive market expansion beyond North America." The global Specialty Alumina market is projected to grow significantly, with increasing demand for tailored solutions in sectors ranging from ceramics and electronics to aerospace and medical applications. Hindalco currently operates 500 thousand tons of specialty alumina capacity and aims to scale up to 1 million tons by FY30. The transaction is expected to close in the upcoming quarter, subject to customary closing conditions and regulatory approvals. As Hindalco advances its downstream value-added strategy across aluminium, copper and specialty alumina, this acquisition marks a decisive step forward in engineering better futures through innovation, sustainability, and high-tech manufacturing.
Business Standard
25-06-2025
- Business
- Business Standard
Hindalco Inds arm inks pact to acquire 100% stake in AluChem Companies
Hindalco Industries said that its step-down wholly owned subsidiary, Aditya Holdings LLC has signed definitive agreement with AluChem Companies to acquire 100% stake for total consideration of $125 million. AluChem is a North America-based specialty alumina producer with over 45 years of legacy in delivering high-performance alumina for industrial applications. Its product range includes calcined, reactive, and tabular aluminas used in demanding environments such as refractories, ceramics, and electronics. The company operates three facilities across Ohio and Arkansas. Its turnover was $66,377,422 in CY 2024. The acquisition of AluChem Companies, as a stepdown subsidiary is a strategic move designed primarily to expand the companys global footprint for its downstream portfolio of speciality alumina and alumina products. AluChem brings Hindalco a strong presence in North America with an annual capacity of 60,000 tons across its three advanced manufacturing facilities in Ohio and Arkansas. The company is a long-established supplier of ultra-low soda calcined and Tabular Alumina, materials known for their exceptional thermal and mechanical stability used in cutting-edge applications in high precision mechanical components, and energy-intensive industrial refractories. The company said that the global specialty alumina market is projected to grow significantly, with increasing demand for tailored solutions in sectors ranging from ceramics and electronics to aerospace and medical applications. Hindalco currently operates 500 thousand tons of specialty alumina capacity and aims to scale up to 1 million tons by FY30. The transaction is expected to close in the upcoming quarter, subject to customary closing conditions and regulatory approvals. Kumar Mangalam Birla, chairman of Aditya Birla Group, said, This acquisition is an important step in our global strategy to build a leadership position in value-added, high-tech 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 highimpact growth opportunities. 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. Satish Pai, managing director, Hindalco Industries, said, This acquisition marks a pivotal step in strengthening our capabilities in next-generation alumina applications. As alumina gains increasing relevance in critical and clean-tech sectors, AluChems advanced chemistry capabilities will significantly enhance our ability to serve these fast-evolving markets. Importantly, it deepens our high value-added portfolio with differentiated products that drive profitability and strengthen our global competitiveness. It reinforces our commitment to innovation and to expanding our global footprint. Ronald P. Zapletal, founder, AluChem Companies, Inc., said, "This partnership with Hindalco brings AluChem the ability and capital to scale up faster and build scale in North America. Aluchem will benefit from their world-class sustainability and safety standards and practices, access to integrated operations and consistent, reliable raw material supply chain. Their ability to leverage R&D capabilities and a talented workforce adds tremendous value to our innovation pipeline, helping drive market expansion beyond North America." Hindalco Industries, the metals flagship of the Aditya Birla Group, is the world's largest aluminium rolling and recycling company, a major copper player, and one of Asia's largest producers of primary aluminium. In India, the companys aluminium manufacturing units cover the complete value chain, from bauxite mining, alumina refining, coal mining, captive power generation and aluminium smelting, to downstream value-addition of aluminium rolling, extruding, and foil making. The Aditya Birla Group companys consolidated net profit surged 66.4% to Rs 5,283 crore on 15.9% increase in revenue from operations to Rs 64,890 crore in Q4 FY25 over Q4 FY24. The scrip rose 0.22% to Rs 671 on the BSE.
&w=3840&q=100)
Business Standard
24-06-2025
- Business
- Business Standard
Hindalco to acquire AluChem for $125 mn to grow speciality alumina reach
Hindalco Industries, a part of the Aditya Birla Group, will acquire a 100 per cent equity stake in AluChem Companies, a US-based manufacturer of speciality alumina, for an enterprise value of $125 million, it said in a stock exchange filing. 'This acquisition is an important step in our global strategy to build a leadership position in value-added, high-tech materials,' Kumar Mangalam Birla, chairman, Aditya Birla Group, said in a statement. 'Our strategic foray into the speciality alumina space will not only accelerate the development of future-ready, sustainable solutions but also open new pathways to pursue high-impact growth opportunities. 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.' The acquisition will be carried out through Aditya Holdings LLC, a step-down wholly owned subsidiary of Hindalco Industries. The indicative time period for completion is approximately two to four months, the stock exchange filing stated. Through this deal, Hindalco Industries is expected to gain a strong presence in North America, with an annual capacity of 60,000 tonnes across its three advanced manufacturing facilities in Ohio and Arkansas. Currently, Hindalco operates 500 thousand tonnes of speciality alumina capacity and aims to scale up to 1 million tonnes by FY30, the company said in a statement. According to the filing, the acquisition will also help the company expand its global footprint in its downstream portfolio of speciality alumina and alumina products. The company's speciality alumina segment has delivered consistent double-digit growth in recent years and has emerged as a high-growth, high-margin vertical within its portfolio, the statement added. It further noted that as speciality alumina finds newer applications across sectors such as electric mobility, semiconductors and precision ceramics, the acquisition will enable Hindalco Industries to access next-generation alumina applications and drive value-accretive growth. '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. Importantly, it deepens our high value-added portfolio with differentiated products that drive profitability and strengthen our global competitiveness. It reinforces our commitment to innovation and to expanding our global footprint.' Ronald P Zapletal, founder, AluChem Companies, said: 'This partnership with Hindalco Industries brings AluChem the ability and capital to scale up faster and build scale in North America. AluChem will benefit from their world-class sustainability and safety standards and practices, access to integrated operations and a consistent, reliable raw material supply chain. Their ability to leverage research and development (R&D) capabilities and a talented workforce adds tremendous value to our innovation pipeline, helping drive market expansion beyond North America.' Additionally, AluChem Companies is a long-established supplier of ultra-low soda calcined and tabular alumina—materials known for their thermal and mechanical stability and used in cutting-edge applications in high-precision mechanical components and energy-intensive industrial refractories, the release stated. 'Hindalco Industries plans to work with AluChem's high-performance technology solutions and scale up production of ultra-low soda alumina products to drive a larger global market share. The acquisition reinforces our ability to offer end-to-end alumina solutions that are both future-ready and customer-centric,' said Saurabh Khedekar, chief executive officer, alumina business, Hindalco Industries. Tech Mahindra CEO earned ₹53.9 cr in FY25 Mohit Joshi, chief executive officer and managing director of Tech Mahindra, earned a salary of about ₹53.9 crore in 2024-25 (FY25), according to the company's latest annual report. Joshi's payment included a salary of ₹11.4 crore, perquisites of ₹30.8 crore, and variable pay and bonus amounting to ₹11.7 crore, totalling ₹53.9 crore. Joshi's median remuneration ratio to the median remuneration of employees was 840.22. 'Mohit Joshi was associated for part of FY24 i.e. from 19th June, 2023 to 31st March 2024. Hence, percentage increase in remuneration is not comparable,' the annual report said. Joshi's salary is higher than the CEOs of larger information technology (IT) services companies. K Krithivasan, CEO and MD of TCS, earned ₹26.5 crore in FY25, up 4.6 per cent from the previous year, and Infosys CEO Salil Parekh earned ₹80.6 crore in FY25. Avik Das
&w=3840&q=100)
Business Standard
24-06-2025
- Business
- Business Standard
Hindalco Industries to acquire US-based AluChem for $125 million
Hindalco Industries, part of the Aditya Birla Group, announced on Tuesday the acquisition of a 100 per cent equity stake in US-based AluChem for $125 million. According to an exchange filing, the deal will be executed through Aditya Holdings LLC, a step-down wholly owned subsidiary of Hindalco. The acquisition is expected to close in the next quarter, subject to regulatory approvals in the United States. AluChem produces high-grade specialty alumina AluChem manufactures specialty alumina—including calcined, reactive, and tabular grades—used in sectors such as refractories, ceramics, and electronics. It operates three production facilities in Ohio and Arkansas, with a combined annual capacity of 60,000 tonnes. In calendar year (CY) 2024, AluChem posted a turnover of $66.38 million, up 5.75 per cent from $62.76 million in CY2023. In CY2023, the company had seen an 8.26 per cent year-on-year decline from $68.42 million in CY2022. ALSO READ: Specialty alumina is a high-purity aluminium oxide used in advanced technical applications across semiconductors, lithium-ion batteries, electronics, and aerospace, due to its exceptional thermal, mechanical, and electrical properties. Hindalco aims to double specialty alumina capacity by FY30 Hindalco currently operates 500,000 tonnes of specialty alumina capacity and has set a target to scale up to 1 million tonnes by FY30. The business segment has shown consistent double-digit growth and contributes significantly to the company's high-margin revenue streams. Strategic rationale and leadership commentary '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,' said Satish Pai, Managing Director of Hindalco Industries. Ronald Zapletal, Founder of AluChem, welcomed the deal, stating: 'This partnership with Hindalco brings AluChem the ability and capital to scale up faster and build scale in North America. Their ability to leverage R&D capabilities and a talented workforce adds tremendous value to our innovation pipeline, helping drive market expansion beyond North America.'
Economic Times
24-06-2025
- Business
- Economic Times
Hindalco to acquire US-based AluChem for $125 million
Aditya Birla-owned metals major Hindalco Industries announced on Tuesday that it will acquire 100% equity in US-based AluChem Companies, Inc. 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 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.
