Hindalco to acquire AluChem for $125m.

Hindalco, an Indian aluminium and copper manufacturing company, agreed to acquire AluChem, a manufacturer of specialty alumina, for $125m. “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,” Satish Pai, Hindalco Industries Managing Director.