Overview

• The all-cash $125 million deal will be executed via Hindalco’s step-down subsidiary Aditya Holdings and is slated to close in the coming quarter
• AluChem operates three advanced manufacturing facilities in Ohio and Arkansas with a combined annual specialty alumina capacity of 60,000 tonnes
• This marks Hindalco’s third US acquisition following its purchases of Novelis and Aleris Corporation
• Hindalco plans to grow its specialty alumina capacity from 500,000 tonnes today to 1 million tonnes by fiscal 2030
• AluChem’s ultra-low soda calcined and tabular alumina products are used in electric mobility, semiconductors, ceramics and industrial refractories and will bolster Hindalco’s R&D and market reach