Indian Economy News

Aditya Birla Group to invest US$ 50 million in manufacturing, R&D centre in Texas

  • IBEF
  • June 27, 2024

Aditya Birla Group has announced a US$ 50 million investment in a new manufacturing and research centre in Texas, USA. The facility in Beaumont near Houston will focus on producing epoxy resins for various consumer and industrial applications. Vice President of Sales and Marketing, Mr. Scott Bastion, highlighted plans for an application development centre and R&D team, aiming to commence operations within 15 to 20 months. This expansion marks the Group's fourth investment in the USA, supporting its global epoxy business growth with sustainable solutions.

With established foundations in India, Thailand, and Europe, Aditya Birla Group views this venture as part of a phased development on a 35-acre site, signalling future expansions. Chairman of Aditya Birla Group, Mr. Kumar Mangalam Birla, emphasized their commitment to enhancing America's manufacturing sector and delivering innovative solutions. Mr. Arun Venkataraman from the US Department of Commerce praised the initiative for its environmental stewardship and contribution to local economies at the Select USA Summit.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.