Mylan Laboratories to Acquire Up to 71.5% Controlling Interest in
- Transaction Expected to be Accretive to Mylan in FY '08 -
Inc. and Matrix Laboratories Ltd. today announced that Mylan will acquire
up to 71.5% of Matrix shares outstanding for Rs. 306 per Matrix
share. Under the terms of the transaction, Mylan will purchase
51.5% of Matrix's shares outstanding pursuant to an agreement
with certain selling shareholders and will make an "open
offer" to Matrix's remaining shareholders to acquire up to
an additional 20% of Matrix's shares outstanding. Assuming the
open offer is fully subscribed, the total purchase price is
expected to be approximately $736 million. Matrix will remain a
publicly traded company in India and will continue to operate on
an independent basis.
Mylan and Matrix together will have approximately 5,100 employees
in 10 countries. Matrix will provide Mylan with a significant
presence in important emerging pharmaceutical markets, including
India, China, and Africa, as well as a European footprint and
distribution network through Matrix's Docpharma subsidiary. By
combining Matrix's active pharmaceutical ingredient
drug development business with Mylan's expertise in finished dosage
this transaction also will allow Mylan to capture incremental
pieces of the value chain through backward vertical integration.
Additionally, Matrix will expand Mylan's capabilities in a number
of key areas including products with higher barriers to entry and
long-term growth opportunities, and allow the company to pursue a
broader portfolio of new products at lower costs. As part of the
Mylan organization, Matrix will benefit from a strong U.S.
presence, expanded production capabilities and manufacturing
capacity, and industry-leading expertise in product development
and process optimization.
Matrix is the world's second largest API player with respect to the number of
drug master files (DMFs), with over 165 APIs in the market or
under development, and 10 API and pharmaceutical intermediate
manufacturing facilities, six of which are FDA approved. Matrix
has diverse API capabilities, knowledge of the API patent
landscape, capability in early API development, a low cost
structure and strong scientific capabilities. Matrix's API
manufacturing platform will provide Mylan with significant cost
savings and enable first in-last out product lifecycles. Their
finished dosage form pipeline will expand Mylan's forms and
therapeutic categories and allow Mylan to pursue a broader
portfolio of product opportunities more economically.
Mylan Laboratories Inc. is a leading pharmaceutical company with
three principal subsidiaries: Mylan Pharmaceuticals Inc., Mylan
Technologies Inc. and UDL Laboratories Inc. Mylan develops,
licenses, manufactures, markets and distributes an extensive line
of generic and proprietary products. For more information about
Mylan, please visit http://www.mylan.com/.
Matrix Laboratories Limited is a public limited company listed on
BSE and NSE, and is engaged in the manufacture of Active
Pharmaceutical Ingredients (APIs) and Solid Oral Dosage Forms.
Matrix is one of the fastest growing API manufacturers in India
and focuses on regulated markets such as U.S. and EU. The company
has a wide range of products in CNS, anti-bacterial, anti-AIDS,
anti-asthmatic, cardiovascular, gastrointestinal, anti-fungal,
pain management and life style related therapeutic segments. Six
API manufacturing facilities of the Matrix Group are approved by
the U.S. FDA. The combined FDA approved capacity of the company
is one of the largest in the country. The company's Finished
Dosage Forms (FDF) manufacturing facility has a capacity to
manufacture 2 billion tablets and 300 million capsules on
two-shift basis. With about 2,300 employees, including over 300
R&D scientists, Matrix focuses on developing APIs with
non-infringing processes to partner with generic players in
regulated markets for their early formulation entry. It has
recently acquired Docpharma, Belgium, for a front-end presence in
Belgium, the Netherlands and Luxembourg. In addition Matrix has a
controlling stake in Mchem (China) and Concord Biotech India.
Newbridge Capital/TPG Ventures, U.S., and Temasek Holdings,
Singapore, are the strategic investors in Matrix with combined
holding of about 40 percent.
boosting EPS capacity
Supreme Petrochem Ltd. of Mumbai is adding 132 million pounds (60,000t ) of
expandable polystyrene capacity at its Nagothane, India,
The project, now under way, will give Supreme its first EPS
capacity at Nagothane. The existing complex already can produce
nearly 600 million pounds(272,000t ) of PS annually.
A business development team also is being readied for EPS
marketing, said Supreme’s senior general manager, Sharad
Parate. The firm is accelerating its expansion into EPS since it
took over control of Chennai, India-based Shin Ho
Petrochemical (India) Ltd.
are already doubling the Chennai plant capacity to 26.5 million
pounds (12,000t ) by this coming March,”
Parate said during
the Society of Plastics Engineers conference, held Dec. 7-8 in
India. He added that Shin Ho’s name changed to SPL Polymers Ltd. after Supreme took charge in
The firm has the ability to double EPS capacity at the Nagothane
plant, based on market demand, he noted.
Overall, Supreme would be investing $225 million by 2011 in
ongoing and planned expansions, which will include more
value-added products, such as ABS.
The expansion also includes increasing PS capacity at Nagothane
to 882 million pounds(400,000t) annually by 2009, according to
Parate, who pointed out that Supreme’s PS resins are exported to 78
Petrochem is a joint venture of Mumbai-based firms Supreme
Industries Ltd. and Rajan Raheja Group. Supreme Industries, established in 1950, claims to be
India’s largest plastics processor, with
18 plants across the country doing injection molding and film,
foam and pipe extrusion. Rajan Raheja is a diversified firm
holding interests in a variety of businesses.
Shin Ho Petrochemical）
Petrochem Ltd http://www.supremepetrochem.com/
Petrochem Ltd (SPL), owns and operates a state-of-the art
Polystyrene facility, with an installed capacity of 272,000
TPA located at Nagothane in Raigad District, about 100 Kms
south-east of Mumbai city. The facility also includes a world
class colouring and compounding facility with an installed
capacity of 17,000 TPA.
Plant is based on technology from the erstwhile Huntsman
Chemical Corporation (Now NOVA Chemicals) USA with basic
engineering by ABB Lummus Crest, USA.
India to complete acetic
acid, acetyl chloride plants by 2008
India's IOL Chemicals
& Pharmaceuticals Ltd. plans to bring online its first
monochloro acetic acid and acetyl chloride plants at Barnala,
Punjab, by June 2008, a company source said Wednesday.
When on-stream, the
plants will have the capacity to produce 6,000 mt/year of
monochloro acetic acid and 5,000 mt/year of acetyl chloride.
boosted its ibuprofen plant capacity to 3,600
mt/year from 1,800 mt/year, and plans to add another 3,600
plant by December 2009.
In December 2006,
the company debottlenecked its acetic acid plant
capacity from 30,000 mt/year to 50,000 mt/year, its ethyl acetate
yield from 18,000 mt/year to 33,000 mt/year and acetic anhydride
capacity from 7,500 mt/year to 12,000 mt/year.
considering PA expansion at Taloja
Petrochemicals Ltd is considering expanding its
phthalic anhydride production capacity, the company said Monday.
'The Board of Directors of the Company has considered and
approved the proposed expansion of capacity,' said IG
Petrochemicals in a statement after the board meeting on Monday
evening. The company currently operates 120,000 mt/year
phthalic anhydride plant
at Taloja, near Mumbai.
An IG Petrochemicals official said that the size of the new
capacity would be decided after a feasibility study and would be
added in the second half of 2008.
IG Petrochemicals had previously increased its production
phthalic anhydride from 45,000 mt/year to 120,000 mt/year at Talo
in the year 1988 as 100% Export Oriented Unit (EOU), I G
Petrochemicals Limited has relentlessly marched towards
achieving its goals and objectives.
principal business revolves around the production of Phthalic
which is mainly used in the manufacture of Plasticizers for
production of PVC products, shoe soles and other commodities,
manufacturing of paints, as an intermediate in production of
dyes and pigments, and in production of Unsaturated
Polyester Resins (UPRs).
plant is located at MIDC, Taloja in Raigad District,
Maharashtra, India, 50 Km away from Jawaharlal Nehru Port
Trust (JNPT), Nhavasheva.
Indian SAPL-IFC in talks
on loan for Egypt's PET resin project
India's South Asian
Petrochem Ltd. is in talks with the International Finance Corp.
on the sale of an equity stake and a loan for development of a 315,000 mt/year
polyethylene terephthalate resin plant at Damietta on Egypt's
Mediterranean coast, a company official said Tuesday.
Kolkata-based SAPL early this year entered into a joint venture
agreement with Egyptian Petrochemical Holding Co. to set up a PET resin plant at
Damietta by the end of 2009. SAPL will hold 70% equity in the
project, while Echem and Engineering for the Petroleum &
Process Industries will own 23% and 7%, respectively.
The project, the first PET plant in North Africa, will export to
Europe and North Africa, besides catering to the Egyptian market.
SAPL, India's second-largest PET manufacturer, operates a 180,000 mt/year
Bottle Grade PET resin plant at Haldia in West Bengal,
close to the Mitsubishi's PTA plant.
South Asian Petrochem
Limited (SAPL or the sponsor), India's second largest
manufacturer of Polyethylene Terephthalate (PET), is planning
to set up a joint venture with the Egyptian Petrochemical
Holding Company (Echem), an agency of the Government of Egypt
(GoE), to establish a 315,000 tons per annum (tpa) greenfield
PET resin plant in Damietta, on Egypt's Mediterranean coast.
SAPL will have a 70% share in Egyptian
Indian Polyester Co. (EIPET or the project
company) whereas Echem will hold 23% and Engineering for the
Petroleum & Process Industries (Enppi) will hold the
balance 7%. The project has an estimated cost of
approximately $135 million (including working capital
PET, which is produced from mono ethylene glycol (MEG) and
terephthalic acid (PTA), is sold in small pellets and its
major use is for the manufacture of lightweight plastic
bottles for carbonated soft drinks and water. The project's
output is expected to be exported to Europe and the United
States and also sold in Egypt, Middle East and North Africa.
The project will be the first PET plant in North Africa.
Egypt has significant advantages for the location of a PET
- low logistics costs for sales to the European Union (EU)
and North American markets;
- access to the fast growing and underserved African and
Middle Eastern markets;
- excellent port/infrastructure facilities;
- favorable trade agreements with the EU; and
- proximity to sources of MEG feedstock.
31, 2008 Tata Group
Chemicals acquires 100-per cent stake in General Chemical
Industrial Products Inc, USA
Tata Chemicals (TCL), part of the
Tata Group, has entered into definitive agreements to acquire the soda ash business
Chemical Industrial Products Inc (GCIP), a US based
chemical company, for US$1,005 million. Harbinger Capital
Partners is GCIP's majority shareholder. The transaction is
subject to shareholder and regulatory approvals.
GCIP's subsidiary, General
Chemical (soda ash) Partners (GCSAP), is a significant soda ash
producer in the US with a capacity of 2.5 million tpa of natural
soda ash. GCSAP has mining and manufacturing facilities located
at Green River Basin in Wyoming, USA, which provides it access to
the world's largest and most economically recoverable trona ore
deposits that is then converted into soda ash.
The acquisition of GCIP will lead
to a sizeable increase in TCL's global soda ash capacity making
it one of the largest soda ash producers worldwide. Over 50 per
cent of this capacity will be from the natural route, which is a
significantly more economical route of producing soda ash than
the synthetic route and is a natural hedge against the commodity
cycle. This acquisition, together with its other global soda ash
facilities, will give TCL a unique market position.
The merger will provide TCL access
to markets in North America, Latin America and the Far East,
which complement its existing markets.
October 26, 2009
A. Schulman announces
plans to establish a masterbatch facility in India
A. Schulman, Inc.
announced today it plans to establish a masterbatch facility in
western India to better serve its customers in the region, which
is a key geographic growth market for A. Schulman. A specific
location for the facility has not yet been determined.
initially will consist of one line and will manufacture the
Company’s masterbatch products which serve
the packaging, appliance and consumer products markets. Its
capacity is projected to be approximately 12 million pounds
and production is expected to begin within the next 12 months.
“In line with our
strategic direction, we are continuing our geographic expansion
in growing markets across Asia,” said Joseph M. Gingo, Chairman,
President and Chief Executive Officer.
“The new plant,
which will be our third manufacturing facility in Asia, will
increase our capability to serve our growing customer base in
this attractive market and will be another step in our progress
toward becoming the number-one global manufacturer in the
５月にも３社共同で合弁会社 Indian Synthetic Rubber（ハリヤナ州）を設立する。資本金は未定だが、インド石油が50％、 TSRCが30％、丸紅が20％を出資する。
21 June 2011
Birla Group completes Columbian Chemicals deal
Birla Group today announced the completion of the transaction
relating to its acquisition of the Atlanta-based Columbian
Chemicals Company, subsequent to having
obtained all regulatory approvals in seven different
jurisdictions. The acquisition of Columbian Chemicals was made at
a price of US $ 875 million. It catapults the Aditya Birla Group
to the world’s No. 1 carbon black producer.
The newly constituted
Board of Directors for Columbian Chemicals is chaired by Mr.
Kumar Mangalam Birla, Chairman, Aditya Birla Group. Other
Directors from the Group, include Mrs. Rajashree Birla, Mr. Rajiv
Dube, Dr. Santrupt Misra, Mr. D. D. Rathi and Mr. Kevin Boyle,
CEO, Columbian Chemicals.
Birla, “We view the Carbon Black business
as a significant global business in our portfolio. There is a lot
to be derived from this coming together of the two entities.
Columbian Chemicals’ excellent R&D capability,
multiple speciality products, customer connect in North America
and South America, coupled with committed teams, will add to the
strength of the Carbon Black business. Likewise, our strength in
scale economies, managing large capacity plants and managing
multiple emerging markets, will be leveraged. This, together,
with the experience and expertise that our teams have in growing
an acquired company’s revenues and earnings
significantly, should enable us take the Carbon Black business to
a far higher plane.”
Santrupt Misra, “The completion of the acquisition
of Columbian Chemicals is indeed a milestone in our Carbon Black
business. At one stroke it doubles our capacity, from 1 million
tons to 2 million tons. It extends our geographic reach. Our
global footprint now spans 12 countries ? India, Thailand, Egypt,
China, USA, Brazil, Korea, Spain, Canada, Hungary, Germany and
Italy, where we collectively have 17 state-of-the-art
manufacturing units. The deal helps in giving us a foothold in
the mature markets of North America and strengthens our position
in Europe and in emerging markets. Our focus is on unrelenting
value creation and optimizing costs through innovation in areas
such as logistics, sourcing and technology. We expect synergies
in excess US $ 50 million.”
Birla Group is among the most cost efficient manufacturers of
carbon black. It is a global provider of high quality carbon
black additives that cater to the requirements of leading tyre
and other rubber manufacturers. Its products also service the ink
and plastic segments.
A US $30
billion corporation, the Aditya Birla Group is in the League of
Fortune 500. It is anchored by an extraordinary force of over
131,000 employees, belonging to 42 different nationalities. The
Group has been adjudged among the top two Best Employers in India
by the Aon?Hewitt Study conducted recently. Earlier it has been
rated as the six great places for leaders to work in the Asia
Pacific Region (The Hewitt Associates, The RBL Group and Fortune
Magazine Study 2009). The Group operates in 33 countries. Over 60
per cent of its revenues of US $ 30 billion flow from its
the Aditya Birla Group is:
powerhouse, among the world's most cost-efficient
aluminium and copper producers. Hindalco-Novelis is
the largest aluminium rolling company. It is one of
the three biggest producers of primary aluminium in
Asia, with the largest single location copper smelter
viscose staple fibre
fourth-largest producer of insulators
fourth-largest producer of carbon black
fifth-largest producer of acrylic fibre
eighth-largest cement producer
best energy-efficient fertiliser plants
||One of the leading
fashion (branded apparel) and lifestyle player
second-largest producer of viscose filament yarn
second-largest in the chlor-alkali sector
||Among the top
four mobile telephony companies
||Among top 10
Indian BPO companies by revenue size
player in life insurance and asset management
||Among the top
three supermarket chains in the retail business
We are a global provider of
high-quality carbon black additives for rubber, plastic, and
liquid products. Our products add strength, durability, and
enhanced performance to products consumers use every day such as automobile tires and toner in
Our company has been in business
for more than 100 years, and this is
attributable in part to our commitment to providing value to our
customers. We believe that each customer is unique, with a
different set of needs based on individual markets, strategies and
competitive dynamics. At Columbian Chemicals Company, we are
committed to understanding your needs so that we can better help
you succeed. We offer a wide range of carbon black products for
rubber, plastic, liquid, and other industrial applications that
are designed to get you the results you need.
Columbian’s history dates back to the 1860s
when carbon black was first utilized for industrial applications.
The company’s name today evolved from Columbian Carbon
which was formed in 1922 from the consolidation of several small
carbon black manufacturers. Throughout its rich history,
Columbian has led the way in many areas of the carbon black
industry. Here is a sampling of the many “firsts” that Columbian Chemicals brought to the industry:
- First to produce
carbon black to reinforce rubber
- First to produce
carbon black beads (Micronex Beads)
- First to produce
coarse, fine, and very fine furnace black (Fumonex,
Statex A, and Statex B, respectively)
- First to study the
surface activity of carbon black (pH)
- First to study the
absorptivity of carbon black (DPG)
- First to use
electron microscopy to study carbon black
In 1986 Columbian was
acquired by Phelps Dodge Corporation and over the next two
decades the company expanded its operations in Europe and
acquired operations in South America and Asia.
Corporation was an American mining company founded in 1834 by
Anson Greene Phelps and William Earle Dodge, Sr.. On March
19, 2007, it was acquired by Freeport-McMoRan and now
operates under the name Freeport-McMoRan Copper & Gold
In March of 2006,
Columbian was acquired by a company jointly owned by DC Chemical
Co. and One Equity Partners. DC Chemical is a leading South
Korean company, based in Seoul. One Equity Partners is a private
equity affiliate of J.P. Morgan Chase & Co.
In November 2009, One
Equity Partners bought out the controlling interest in Columbian.
January 6, 2009
DC Chemical Sells Stake In Columbian Chemicals
South Korean chemical maker sells its holdings in carbon
black maker to reduce debt
Citing deteriorating global financial conditions, South
Korea's DC Chemical says it has signed a
definitive agreement to sell its 67% stake in carbon black maker
Columbian Chemicals. Private equity firm One Equity
which now owns 33% of Columbian Chemicals, will pay $150
million for DC Chemical's stake in a deal expected to close
by the end of March.
In 2006, DC Chemical and One Equity bought Columbian from Phelps Dodge
$600 million, including debt. DC Chemical says it decided to
sell its stake to focus on fast-growing core businesses,
including polysilicon for solar cells. DC Chemical also says
the sale will help it mitigate global risks and reduce debt
in a difficult financial environment.
Not counting the debt
it undertook to acquire the Columbian stake, DC says it
invested $257 million in the carbon black maker. And even
though the cash it will receive from One Equity-an
affiliate of JPMorgan Chase-is less than its original
investment, the firm calls the transaction "timely and
prudent" given current economic conditions.
Based in Marietta, Ga., Columbian operates 12 facilities in
the Americas, Europe, and Asia, employing 1,300 people. The
carbon black it makes is used to enhance the strength and
durability of rubber tires and as a pigment in plastics and
Corporation("OCIC") is a well-established trading
company based in Seoul, Korea. OCIC's business includes
export, import, and local distribution of chemicals and
chemical-related products with energetic professionals who
have knowledge, experience and dedication.l
2001 Launched as DC
2005 Acquired Sodiff Advanced Materials (OCI Materials)
2006 Acquired Columbia Chemicals
2008 Established Shandong DC Chemical
2009 Completed No.2 polysilicon plant and started No.3
Renamed as OCI
2010 Completed Shandong DC Chemical (SDC) coal tar plant
(旧 DC Chemical )
BPCL to offer 51% to LG Chem in proposed Kochi petrochem unit
India : BPCL, LG CHEM ink MoU to setup petrochemical plant in Kerala
Bharat Petroleum Corporation Ltd. (BPCL) has inked a MoU with LG Chem (South
Korea) for creating a Joint Venture to set up a petrochemical plant next to its
Kochi Refinery complex.
India s second-largest public sector Oil Marketing Company, BPCL would be
spending around Rs 14,000 Crores during the next five years for expansion of its
BPCL would be installing a Petrochemical Fluid Catalytic
Cracker (PFCC) which would produce 500 TMTPA of
Propylene, thus, offering BPCL a launching pad for diversification into
The petrochemical project, which is scheduled for completion in the next four
years dovetailed with the refinery expansion project, would be set up in the JV
mode at an extra cost or Rs 4.000-6.000 Crores next to the Kochi Refinery.
Bharat Petroleum Corporation Limited
(BPCL) is an Indian state-controlled oil and gas company headquartered in
In 1860s during vast industrial
development, an important player in the South Asian market was the
Burmah Oil Company. Though incorporated in
Scotland in 1886, the company grew out of the enterprises of the Rangoon Oil
Company, which had been formed in 1871 to refine crude oil produced from
primitive hand dug wells in Upper Burma.
In 1928, Asiatic Petroleum Company (India) started cooperation with Burma
oil company. This alliance led to the formation of
Burmah-Shell Oil Storage and Distributing Company of India Limited.
Burmah Shell began its operations with import and marketing of Kerosene.
On 24 January 1976, the Burmah Shell was taken over by
the Government of India to form Bharat
Refineries Limited. On 1 August 1977, it was renamed Bharat Petroleum
Corporation Limited. It was also the first refinery to process newly found
indigenous crude Bombay High.
Bharat Petroleum owns refineries at Mumbai, Maharashtra and
Kochi, Kerala (Kochi Refineries) with a
capacity of 12 and 9.5 million metric tonnes per year.
Sep 24, 2012
BPCL to offer 51% to LG Chem in proposed
Kochi petrochem unit
State-run oil marketer Bharat Petroleum Corporation (BPCL), which is setting up
its first propylene unit in Kochi,
said it was ready to offer 51 per cent stake in the Rs
6,000-crore project to its Korean joint venture partner LG Chemicals.
‘We have already inked an MoU
(memorandum of understanding) with LG Chemicals for this project. They are
looking at 51 per cent stake in the JV (joint venture) and we are open to that.
The JV company will be in place by December or January and the plant will be
commissioned by the end of financial year 2017,” BPCL Finance Director S
He said the propylene plant is part of the company’s proposed petrochemicals
complex planned at Ambalamugal near Kochi, where it also has a 9.5 million tonne
On September 14, BPCL Chairman and Managing Director R K Singh had inked an MoU
with Kerala Chief Minister Oommen Chandy at the Emerging Kerala investor summit
in Kochi that attracted Rs 2.5 trillion (Rs 2.5 lakh crore) worth proposals, for
Rs 20,000-crore investment in the state. Varadarajan said this is the single
largest investment by the company so far and involves expansion of the Kochi
Refinery capacity to 15.5 million tonne per annum from the present 9.5 million
tonne by FY17. The remaining Rs 6,000 crore will go into the greenfield
When asked about the details of tax benefits that Kerala has offered,
Varadarajan said, “BPCL will be cumulatively getting Rs 7,500 crore in tax
deferments over 15 years since commissioning of the both plants. This works out
to be around Rs 500 crore annually.
“But from the 16th year onwards, we will have to start paying back this to the
state. So, this practically is loan from the state.” When asked about land
acquisition, Varadarajan said BPCL already has almost enough land at the
“We may probably need just about 70 more acres which the government has with it.
Any day the government will transfer that to us,” he said.
He further said both the projects are scheduled to be completed by the end of
FY17. Over the weekend, the BPCL Chairman had told reporters after its AGM last
Friday that BPCL has lined up a capital expenditure of up to Rs 45,000 crore by
2017 and the Kochi projects are part of this. “In the next four to five years
our total capex will be to the tune of around Rs 40,000-45,000 crore. This
allocation will be spent on upstream, refinery expansion and other
infrastructure development,” Singh had said.
On the fund raising plan for this capex, Singh said raising funds to this
magnitude would not be a problem as BPCL is already in talks with the domestic
“We have no problem in mobilising this kind of resources because we have some
good discoveries. Many banks are willing to fund our activities,” he said.
For funds for its many exploration projects, Varadarajan said a consortium of
domestic banks led by State Bank, is ready to lend. But he added that these will
be dollar- dominated borrowings. The company has many gas blocks in Mozambique,
10 oil blocks in Brazil, and some oil and gas blocks in Indonesia, Australia,
Britain, East Timor, and a shale gas project. To a question on Cove Energy's
stake in resource-rich prospective gas block in Mozambique, which it plans to
offload, Singh said BPCL is interested in purchasing Cove's holdings but for
August 14, 2013 Business Standard
Birla plans to invest $1 bn in US chemical
The shale gas boom in the US has attracted
one more Indian company, Aditya Birla Group, which is reportedly planning to
invest $1 billion for setting up a chemical/fertilizer plant. Already, Indian
companies such as Reliance Industries, Gail India, etc have either
acquired announced mega investment in shale assets in the US.
The Aditya Birla Group move is also aided by the fact that the US economy has
started to show remarkable growth in the last few months. The company has not
yet clarified whether the investment will be in a greenfield projects or through
The Aditya Birla group is planning to invest $1 billion in setting up a
chemical/fertiliser plant in the US to take advantage of the falling gas prices
in that country.
Another reason for the big-ticket investment plan was a reviving business
sentiment there, a top official said.
"We have been looking at an investment in the US, as there is enough and cheap
gas - priced at $3-3.50 a unit. So, like a lot of Indian chemical companies, we
are looking at the country for investment in the next few months," said Aditya
Birla Nuvo Managing Director Rakesh Jain. He added, depending on its
due-diligence report, the group would make the investment either in a greenfield
(new) plant or through an acquisition. A team was already camping in the US to
scout for opportunities.
The Aditya Birla Group is an Indian
conglomerate; a dominant player in viscose staple fibre, metals, cement,
branded apparel, financial services & other sectors.
Around the world, we're known for:
A metals powerhouse, among the world’s most cost-efficient aluminium and
Hindalco-Novelis is the largest aluminium rolling company.
It is one of the three biggest producers of primary aluminium in Asia with
the largest single location copper smelter
No.1 in viscose staple fibre
No.1 in carbon black
The fourth-largest producer of insulators
The fifth-largest producer of acrylic fibre
Among the top 10 cement producers
Among the best energy-efficient fertiliser plants
The largest Indian MNC with manufacturing operations in the USA
In India, here’s what we have accomplished:
The largest fashion (premium branded apparel) and lifestyle player
The second-largest manufacturer and largest exporter of viscose filament
The largest producer in the chlor-alkali sector
Among the top three mobile telephony companies
A leading player in life insurance and asset management
Among the top two supermarket chains in the retail business
Among the top 6 BPO companies
The largest manufacturer of linen fabric
Aditya Birla Chemicals is a leading
manufacturer of bulk and speciality chemicals and viscose filament yarn. The
business is spread across multiple manufacturing locations in three countries –
India, Thailand and China.
Aditya Birla Chemicals is creating a
footprint in the chemicals industry: in the chlor-alkali segment, it is a market
leader in India; in viscose filament yarn, it stands at number two position and
in sulphites, it is the third largest manufacturer in the world.
In India, the business operates through four companies: Aditya Birla Nuvo,
Grasim Industries, Aditya Birla Chemicals (India) and Tanfac.
In Thailand, the business operates through
two companies: Aditya Birla Chemicals (Thailand) and Thai Peroxide Company.
In China, the Chemicals business operates
through Aditya Birla Grasun Chemicals (Fangchenggang).
The Chemicals business manufactures a wide range of products using advanced
technology and ensuring stringent quality control. Our product portfolio
Phosphates and phosphoric acid
Viscose filament yarn
02 August 2021
India’s Adani sets up petrochemical
Major Indian conglomerate
Adani Enterprises has set up a new subsidiary,
Adani Petrochemicals (APL), to invest in refineries, petrochemical
complexes, specialty chemical units, hydrogen and related chemical plants.
No details were released of the scale of the
investment, types of chemicals or timeline, but APL intends to be in direct
competition with India's largest private-sector refiner and petrochemicals
producer Reliance Industries (RIL).
Adani's previous forays into the
petrochemical sector include an initial deal with German chemical producer BASF
in 2019 to invest in a €2bn chemical plant in Mundra, Gujarat. The deal was
expanded a year later to include Abu Dhabi's state-owned energy firm Adnoc and
Austrian chemical company Borealis. The plan was later put
on hold because of the Covid-19 pandemic.
RIL's Jamnagar complex in western India
houses the world's largest integrated refining and petrochemical hub with crude
processing capacity of 1.24mn b/d integrated to an off-gas cracker with 1.5mn
t/yr ethylene capacity. The company has a total paraxylene capacity of 4.3mn
t/yr and is one of the world's largest producers of polyester fibre and yarn.
Adani, which already has a stronghold in
sustainable energy, deepened its partnership with France's TotalEnergies —
previously known as Total — in January, when the French firm
a 20pc interest in Adani Green Energy.