Aditya Birla to acquire chlor-alkali division of Jayshree Chemicals for $35 million

9:58 AM, 10th September 2014

Aditya Birla Chemicals (India) Limited acquires chlor-alkali division of Jayshree Chemicals Limited

Kumar Mangalam Birla, Chairman, Aditya Birla Group.

MUMBAI, INDIA: The Board of Directors of Aditya Birla Chemicals (India) Limited (ABCIL), a company of the Aditya Birla Group, approved the acquisition of the chlor-alkali division of Jayshree Chemicals Limited for a cash consideration of Rs. 212 crore ($35 million). This transaction takes ABCIL to a higher growth trajectory.

“The acquisition is strategic and further strengthens our position in the chlor-alkali business. It will take our chlor-alkali business on a higher growth trajectory. The acquisition solidifies the Group’s position as the country’s largest producer of chlor-alkali and bolsters caustic soda supply, which is a critical input for the aluminium business. The business has potential for future growth,” said Kumar Mangalam Birla, Chairman, Aditya Birla Group.

0 Comments

Your Comments (Up to 2000 characters)

Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Submit

SAO PAULO, BRAZIL: Braskem, the largest petrochemical company in the Americas and world leader in the production of biopolymers, will be part of a tec ...

A step closer in building replacement kidneys in lab

NORTH CAROLINA, US: In a first, US researchers have addressed a major challenge in the quest to build replacement kidneys in the lab. Working with hum ...

Arkema to close fluorogas productions at Spanish site

COLOMBES, FRANCE: As part of a plan to improve the profitability of its fluorogas business, Arkema presented to the Zaramillo plant’s personnel ...

Coca-Cola invests in Virent’s bio-paraxylene development and commercialization

MADISON, US: Virent announced that The Coca-Cola Company is making an additional investment in the company’s development and commercialization o ...

Towards removing cancer cells completely, reducing recurrence

WASHINGTON DC, US: Cancerous brain tumors are notorious for growing back despite surgical attempts to remove them - and for leading to a dire prognosi ...

Alaska submits FERC pre-file request for natural gas project

ANCHORAGE, US: The Alaska LNG Project has marked a major milestone with the recent submission of a formal request to the Federal Energy Regulatory Com ...