आदित्य बिड़ला समूह टेक्सास में विनिर्माण, अनुसंधान एवं विकास केंद्र में 50 मिलियन डॉलर का निवेश करेगा।

आदित्य बिड़ला समूह टेक्सास में विनिर्माण, अनुसंधान एवं विकास केंद्र में 50 मिलियन डॉलर का निवेश करेगा।

Aditya Birla Group to invest $50 million in manufacturing, R&D center in Texas.

The Aditya Birla Group announces a $50 million investment in a new manufacturing and R&D center in Beaumont, Texas.

  • Business
  • 137
  • 26, Jun, 2024
Jyoti Ahlawat
Jyoti Ahlawat
  • @JyotiAhlawat

Aditya Birla Group to invest $50 million in manufacturing, R&D center in Texas.

The Aditya Birla Group has announced a $50 million investment in a manufacturing and research and development (R&D) center in Texas. Scott Bastion, the company's Vice President of Sales and Marketing, revealed that this investment will be made in Beaumont, Texas, near Houston. The new facility will produce epoxy resins used in various consumer and industrial products.

"This site will feature an application development center and house an R&D team. We anticipate commissioning it within the next 15 to 20 months," Bastion stated.

He also highlighted the company's commitment to sustainability and global expansion, saying, "We aim to bring greener, more sustainable solutions and expand our global epoxy business footprint."

The Aditya Birla Group, already established in India, Thailand, and Europe, is making its fourth expansion into the USA with this project. "This is the first phase of our expansion on a 35-acre site, with additional phases planned for the future," Bastion added.

Arun Venkataraman, the Assistant Secretary of Commerce for Global Markets and Director General of the US and Foreign Commercial Service, praised the investment as a testament to America's appeal to innovative businesses. "Aditya Birla Group’s commitment to greener, more sustainable, and performance-oriented solutions exemplifies corporate environmental responsibility," Venkataraman said. He noted that consumers are increasingly seeking eco-friendly options and expressed optimism about the group's leadership in the greenification of the epoxy industry.

Venkataraman made these remarks at the Select USA Summit, which is attended by over 250 businesses from India.

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Jyoti Ahlawat

Jyoti Ahlawat

  • @JyotiAhlawat