Kumar Mangalam Birla to invest $50 mn to build new chemical plant in Texas

The project will involve a 'state-of-the-art advanced materials site' on 35 acres in Beaumont, Texas

Kumar Mangalam Birla,Birla, Mangalam
Kumar Mangalam Birla, Chairman of Aditya Birla Group (FIle Photo)
Bloomberg Mumbai
1 min read Last Updated : Jun 25 2024 | 8:47 PM IST
Billionaire Kumar Mangalam Birla is investing $50 million to build a new chemical plant in the heart of the US oil-refining region as his Aditya Birla Group expands its North American footprint.
 
The project will involve a “state-of-the-art advanced materials site” on 35 acres in Beaumont, Texas, an area that’s home to some of the country’s biggest refineries and petrochemical complexes, according to a statement released Tuesday.

The plant will house research-and-development facilities and produce epoxies, according to the statement. Aditya Birla styles itself as the largest Indian investor in the US, with more than $15 billion in assets in the country. 

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Topics :TexasUnited StatesBillionaireKumar Mangalam Birla

First Published: Jun 25 2024 | 8:46 PM IST

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