Indias leading aluminium and copper manufacturing company Hindalco Industries Limited, announced to set up a 34,000-tonne extrusion plant at Silvassa, Gujarat, in India. The new fully automated plant will have three extrusion presses.
- The new plant will service the fast-growing market for extruded aluminium products in the western and southern regions.
- The companys intent is to build a larger value-added product portfolio over the next few years.
In Dec 2020: Indias leading cement manufacturer UltraTech Cement, a flagship company of Aditya Birla Group, announced to invest approximately $823 million to increase cement production capacity by 12.8 mtpa with a mix of brown field and green field expansion.
In April 2020: Aditya Birla Group company Hindalco Industries Limited a leading aluminium rolling and recycling company has announced the completion of acquisition of the USA based rolled products leader, Aleris Corporation for $2.8 billion. Aleris acquired by Novelis Inc. a wholly-owned subsidiary of Hindalco.
The acquisition of Aleris, positions Hindalco Industries as one of the worlds largest aluminium companies. It has more than 49 state-of-the-art manufacturing facilities in North America, Europe and Asia. Aleris involves in metals downstream portfolio includes recycling, casting, rolling and finishing capabilities.
In July 2019: Aditya Birla Groups Aditya Birla Fashion and Retail Limited has established a partnership with Indias leading designers Shantanu & Nikhil with the acquisition of 51 per cent stake in M/s Finesse International Design Private Limited.
About Hindalco Industries
Hindalco Industries Limited, headquartered in Mumbai, India, is a worlds largest aluminium rolling and recycling company. It is a metals flagship company of the Indias leading Aditya Birla Group. Hindalcos international footprint spans 36 manufacturing units across 10 countries. It is a major copper player and also one of Asias largest producers of primary aluminium.
About Aditya Birla Group
Aditya Birla Group is Indias leading conglomerate. The group has business in a wide range of sectors like-metals, pulp and fibre, chemicals, textiles, carbon black, telecom and cement. The conglomerate has operations in around 42 countries and a workforce of approximately 120,000 employees. The group operates business in the name of Grasim Industries Limited, Hindalco Industries Limited, UltraTech Cement Limited, Aditya Birla Fashion & Retail Limited, and Aditya Birla Capital Limited.