Aditya Birla's Bold Expansion into U.S. Specialty Chemicals
Aditya Birla Group has acquired Cargill's specialty chemical manufacturing facility in Dalton, Georgia. This move marks a strategic expansion in the U.S. chemical industry. The facility's capacity will increase significantly over the next two years to broaden the product range for various industries as part of Birla’s growth strategy.
- Country:
- India
The Aditya Birla Group, an Indian business conglomerate, has announced its acquisition of a specialty chemical manufacturing facility from Cargill in Dalton, Georgia. The deal is a key component in expanding its U.S. Advanced Materials business.
The acquisition was made through Aditya Birla Chemicals (USA) Inc., aligned with its strategic growth plan to enhance the American manufacturing sector. Currently, the group has invested over USD 15 billion in the U.S., with this facility marking a notable addition to their portfolio.
The Dalton facility will see its capacity increased from 16,000 tonnes annually to over 40,000 tonnes in the next two years. The group targets various industries including marine, industrial coatings, and flooring, with plans to introduce innovative products for automotive, renewable energy, and aerospace markets.
(With inputs from agencies.)
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