India: Hindalco to acquire US-based AluChem for $125 million to expand specialty alumina capacity

Hindalco Industries will acquire US-based specialty alumina producer AluChem for $125 million via subsidiary Aditya Holdings LLC. The deal, expected to close next quarter, will boost Hindalco’s high-value alumina portfolio. AluChem’s three plants in Ohio and Arkansas add 60,000 t capacity, supporting advanced applications in EVs, semiconductors, and ceramics. Hindalco aims to double its specialty alumina capacity to 1 million tonnes by FY’30.