The Indian Aluminium Industry Company has cancelled its acquisition plan for the US specialty alumina manufacturer AluChem.
October 15, 2026
According to foreign media reports, Hindalco (a part of the Aditya Birla Group, which is also affiliated with the Indian Aluminium Industry Company) stated in a statement that the equity purchase agreement has been terminated due to long-term delivery delays beyond the control of both companies.
The statement continued: "The overall strategy of the Indian Aluminium Industry Company to expand the scale of high-value, technology-driven value-added products (VAP) in the specialty alumina business remains unchanged. The company will continue to evaluate various opportunities, including those in the US, to align with this strategy."
This $125 million investment aims to expand the production scale of ultra-low sodium alumina products.
