Aditya Birla Group has acquired Cargill’s speciality chemical manufacturing facility in Dalton, Georgia, marking its entry into the US chemicals industry.
In a statement on Thursday, the group declared the enlargement of its US Advanced Materials business with the acquisition of Cargill Incorporated’s 17-acre speciality chemical production facility in Dalton, Georgia.
The acquisition maintains Aditya Birla’s expansion within the US’ production sector, a key element of Aditya Birla’s development strategy, which now totals over USD 15 billion in funding.
The acquisition was carried out by Aditya Birla Chemicals (USA) Inc., an entirely-owned subsidiary of Aditya Birla Chemicals (Thailand) Ltd.
“This acquisition represents Aditya Birla’s strategic access into the US chemicals industry , extending the business model of our other hit production businesses in the United States, inclusive of Novelis and Birla Carbon,” stated Kumar Mangalam Birla, Chairman of Aditya Birla Group.
“Our development technique in the US is clamped in a commitment to use our deep production expertise to assist the revitalization of the developing American production sector. We look ahead to investing in and increasing this foundational facility and figuring out different strategic assets to drive development.”
With this acquisition, the advanced materials business welcomes 50 employees.
The commercial business plans to enlarge the facility’s recent-potential of 16,000 ton per year to over 40,000 ton over the following 2 years.
Aditya Birla Group will retain to production the plant’s recent output of formulated resins, curing marketers, reactive diluents and polyaspartic resins for the marine, commercial coatings, and flooring industries, which consist of epoxy resins, modifiers, curing agents, and different specialty chemicals sold below the brands CHEMCURE, ChemMod, Altor, Acme Shield, and ChemRes.
Also, it’s going to launch products for the automotive, renewable energy and aerospace industries, together includes with its patented chemistries to permit recycling of epoxy composites used in wind, sports activities items, pressure vessels and different applications.
“This acquisition reinforces our commitment to enlarging our Advanced Materials business in the United States and globally. Establishing a local presence in the US will allow us to serve regional clients more efficiently and collaborate intently to develop tailored solutions.
“We are excited to leverage this facility to improve its capabilities and develop our product offerings for our customers,” stated Rajesh Balakrishnan, CEO of Aditya Birla Group, Advanced Materials business. PTI
