Vedanta Limited plans $500 million investment in AvanStrate Inc.

  • Industry News
  • Nov 11,24
With extensive operations and R&D capabilities across Taiwan, South Korea and Japan, ASI aims to accelerate the development of next-generation glass products designed for advanced packaging and potential applications in the semiconductor, biotechnology, automotive displays, and other high-growth sectors.
Vedanta Limited plans $500 million investment in AvanStrate Inc.

Vedanta Limited is planning to invest close to $500 million in its group company, AvanStrate Inc. (ASI), a leading global display glass manufacturer that is now fully managed by Vedanta Limited. This strategic investment aims to drive innovation and expansion within ASI, strengthening its focus on R&D, as well as manufacturing capabilities and product offerings to cater to the growing global demand for advanced display glass solutions.
 
With extensive operations and R&D capabilities across Taiwan, South Korea and Japan, ASI aims to accelerate the development of next-generation glass products designed for advanced packaging and potential applications in the semiconductor, biotechnology, automotive displays, and other high-growth sectors. Additionally, ASI is exploring collaborative partnerships to accelerate its mission of developing technological advancement and enhanced market offerings.
 
Akarsh Hebbar, Global Managing Director, AvanStrate Inc., said, “This strategic investment from the Vedanta Group is reflective of our clear and definitive shift in focus toward significant growth-oriented projects. We are confident that ASI’s cutting-edge R&D capabilities and world-class team of engineers are well placed to deliver a stream of future-ready solutions to our customers and partners propelling the company onto a path of positive industry disruption. ASI will soon take its place as one of the leading players in the advanced glass technology and product innovation space, globally.”
 
Vedanta secured a 98% stake in ASI earlier this year. This move is in line with Vedanta’s commitment to expanding its high-tech offerings, incorporating AvanStrate Inc. alongside Vedanta’s portfolio of businesses across the critical and future minerals, energy, and technology space. Vedanta Group will continuously explore innovation opportunities across automation, ESG, and sustainable energy to enhance the group’s technological capabilities and support the demands of a dynamic global market.
 
Charlie Lee, CEO, AvanStrate Inc., added, “The expertise and support from Vedanta places us in a strong position to expand our R&D, scale up production, and meet evolving market demands. As ASI advances into new market segments, meeting the demand for high-performance materials, we are set to enhance our leadership in the display glass sector and beyond, with a clear focus on sustainability and long-term growth. The recently launched new Super Green SaiSei high recycle rate display glass product is a perfect example. The product is a breakthrough in the industry that leads the market with no competition yet to match its high-tech quality.”
 
The global market for specialty glass applications is estimated to be $42 billion and is projected to reach $60 billion by 2030. AvanStrate, with its advanced manufacturing capabilities and strategic partnerships, is well-positioned to meet these demands and contribute significantly to the global supply chain. 
 

Related Stories

Electrical & Electronics
Bharat FIH shuts R&D and supply chain subsidiary amid revenue decline

Bharat FIH shuts R&D and supply chain subsidiary amid revenue decline

In 2021, Bharat FIH had established two subsidiaries—Bharat Taiwan Corporation and Rising Stars Hi-Tech—to enhance research, product development, and engineering capabilities.

Read more
Process Equipment
IISc discovers method to break down biofilm barriers using cow's gut enzyme

IISc discovers method to break down biofilm barriers using cow's gut enzyme

To break down the biofilm, the IISc team focused on using enzymes that degrade polysaccharides.

Read more

Related Products

Heavy Industrial Ovens

INDUSTRIAL SUPPLIES

Hansa Enterprises offers a wide range of heavy industrial ovens.


Read more

Request a Quote

High Quality Industrial Ovens

INDUSTRIAL SUPPLIES

Hansa Enterprises offers a wide range of high quality industrial ovens. Read more

Request a Quote

Hydro Extractor

INDUSTRIAL SUPPLIES

Guruson International offers a wide range of cone hydro extractor. Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016