Caustic Soda Kanoria Chemicals Acquired by ABG

| Editor: Dominik Stephan

Aditya Birla Group (ABG) recently aquired the chloro-chemicals division of Kanoria Chemicals, thereby becoming the largest manufacturer of caustic soda in India.

(Picture: AGB)
(Picture: AGB)

Mumbai/India – The flagship firm of the Hindalco subsidiary Aditya Birla Chemicals (India) transacted the deal for 8.3 billion Rupees (about US$180 million). The acquisition has increased the caustic soda market share of Aditya Birla Chemicals (India) to 22 percent, followed closely by Gujarat Alkalies and Chemicals’ 18 percent share. Other competitors have a market share of less than 5 percent.