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AV Birla grp to buy Columbian Chem for $875m

The Aditya Birla group is boosting its carbon black capabilities by acquiring US-based carbon black manufacturer Columbian Chemicals in a USD 875 million deal. Carbon black is used to make tires, paints and plastics. And the buy will take the AV Birla group's carbon black capacity to two million tonne per year.

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