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Aditya Birla mulls major investment in US

2:42 AM MDT | August 15, 2013 | Deepti Ramesh

The Aditya Birla Group (Mumbai) is considering an investment of about $1 billion to build or acquire chemical/fertilizer production capacity in the United States, say local press reports. The availability of cheap gas and the improving business environment in the country is encouraging the company to invest further in the US. The new investment plan follows the $875-million acquisition of Columbian Chemicals (Marietta, GA) by the Aditya Birla Group in 2011. A team from the Aditya Birla Group is in the United Sates to scout for opportunities, and following a...

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