27 Jun 2024
The group’s chemical arm will invest $50 million in setting up a manufacturing, application development centre, and R&D facility in Beaumont, Texas.
The group’s chemical arm will invest $50 million in setting up a manufacturing, application development centre, and R&D facility in Beaumont, Texas.Aditya Birla Chemicals, Thailand, will invest USD50 million in setting up a manufacturing arm in Texas through its wholly-owned subsidiary, Aditya Birla Chemicals (USA) Inc.
The facility will produce advanced materials like epoxy resins for consumer industrial applications and customised speciality products and help the company capture a larger share of the US's $2 billion epoxy solutions market.
Aditya Birla Group is the largest Indian investor in the US, with $15 billion invested in Birla Carbon in Georgia, and Hindalco Industries-owned Aleris Inc. and Novelis Inc.
The 35-acre facility will begin operations within two years. It will create at least 32 new full-time jobs and support epoxy production with sustainable solutions.
Aditya Birla will enable its customers in renewable energy, construction, aerospace, and automotive to leverage the opportunities created by the Inflation Reduction Act, which mandates clean energy investment, job creation, and support for small businesses.