Market News
Global Alumina Trihydrate Market – Recent Developments
- In September 2020, The Fire-Retardant Additives division of Huber Engineered Materials (HEM) announced its plans for a major sustainability project and substantial investment in a new power plant at its Martinswerk facility in Bergheim, Germany. Huber Engineered Materials (HEM) is a global leader in industrial chemical manufacturing and is continuously innovating and transforming to exceed client expectations and industry standards.
- In April 2020, Sumitomo Chemical Company, Limited acquired four Latin American subsidiaries of Nufarm Limited in Brazil, Argentina, Chile, and Colombia. Through this acquisition, the company expanded its geographical presence in these countries. Sumitomo Chemical started business in 1913 as a producer of fertilizers from sulfur dioxide gas emitted by copper smelters, with the goal to both resolve an environmental problem and increase agricultural production.
- In April 2020, Hindalco Industries Limited company acquired Aleris Corp for US$ 2.8 billion. Aleris became a wholly-owned subsidiary of Novelis, USA. Through this acquisition, it strengthened its business operations in the US. Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. It is one of Asia's largest producers of primary aluminium (excluding China), and with its subsidiary Novelis, a global leader in flat rolled products and the world's largest recycler of aluminium.
- In July 2015, Albemarle Corporation announced a merger with Rockwood Holdings Inc. in order to drive sustainable growth for both companies and create an established premier specialty chemicals company.
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