Article: Elf Atochem Buys Stake In Aluminum Chloride Maker.(Aroni Chemicals)

Elf Atochem has signed an agreement to acquire a 51% stake in Aroni Chemicals (Mumbai), a manufacturer and exporter of anhydrous aluminum chloride. Financial terms were not disclosed.

Aroni will be renamed Elf Atochem Catalysts India, based at Nagda. Atochem says the newly named company will produce 17,000 m.t./year of aluminum chloride for the Indian market and for export throughout Asia. Aroni accounts for about 70% of the Indian ...

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