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Aditya Birla Group announces $50 million investment in manufacturing, R&D center in Texas
The announcement was made during the 10th SelectUSA Investment Summit at the National Harbor in Maryland.
Aditya Birla Group’s Scott Bastion (in center) with Arun Venkataraman, Assistant Secretary of Commerce for Global Markets and Director General of the US and Foreign Commercial Service, (left) at the SelectUSA Summit. / X/@SelectUSA
Aditya Birla Group, an Indian multinational conglomerate, has announced plans to invest $50 million in a state-of-the-art manufacturing and R&D center in Texas. This facility will be aimed at delivering greener, more sustainable, performance-oriented solutions that emphasize corporate environmental responsibility.
NEWS @AdityaBirlaGrp plans to establish a state-of-the-art manufacturing and R&D center in Texas with the goal of bringing greener, more sustainable, performance-oriented solutions that underline corporate environmental responsibility! Congrats from @SelectUSA ️ pic.twitter.com/Y999zNFRoK
— SelectUSA (@SelectUSA) June 25, 2024
The announcement was made during the 10th SelectUSA Investment Summit at the National Harbor, Maryland. The summit was held from June.23 to June.26.
This year's summit was the largest to date, with record participation from over 5,000 attendees representing 87 international markets and 56 states and territories, all engaging in in-person networking and informative sessions on key industry topics affecting the FDI community.
During the summit, Scott Bastion, Aditya Birla Group’s Vice President of Sales and Marketing, detailed that the $50 million investment will be made in Beaumont, Texas, just outside of Houston, where the facility will produce epoxy resins used in various consumer and industrial products.
According to media reports, he said, “In that site, we will have an application development center and will house an R&D team. We look forward to commissioning that site in the next 15 to 20 months.”
"In addition to that, we look forward to bringing greener solutions, sustainable solutions, and more importantly, being able to serve as well as expand the global footprint of our epoxy business," Bastion added.
Aditya Birla Group already has a strong presence in India, Thailand, and Europe. "This will be the fourth expansion on behalf of the epoxy business into the USA. This is the first phase of our expansion of a 35-acre site, which we hope to have additional phases in coming years," Bastion noted.
Arun Venkataraman, Assistant Secretary of Commerce for Global Markets and Director General of the US and Foreign Commercial Service, praised Aditya Birla Group's Texas investment and called the initiative “a testament to America's commitment to attracting the most innovative businesses”.
"Consumers continue to seek out eco-friendly options and we look forward to seeing Aditya Birla Group become a local leader in the greenification of the epoxy industry," Venkataraman said.
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