Non-ferrous Metals
The Group's non-ferrous metals are under Hindalco. Its manufacturing locations are primarily in India and it owns mines in Australia. On 11 February 2007, the company entered into an agreement to acquire the Canadian company Novelis for U$6 billion, making the combined entity the world's largest rolled-aluminium producer. On 15 May 2007, the acquisition was completed with Novelis shareholders receiving $44.93 per outstanding share of common stock. The Group plans to close a part of its aluminum foil making mill in UK and shift that to its plant near Nagpur.
Hindalco makes alumina chemicals, primary aluminum, rolled products, alloy wheels, roofing sheets, wire rods, cast copper rods, copper cathodes and several other products.
Read more about this topic: Aditya Birla Group
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