Udaipur, India, 26. September 2024 - Ravindra Heraeus Private Limited acquires the business of Arora Matthey in Vizag, India and will continue its operation with over 70 employees. Through the acquisition, the customers in chemicals and pharmaceuticals industries will benefit from Heraeus’ range of high-quality precious metals catalyst and state-of-the-art recycling technology
“We are very excited to take over the business. Arora Matthey has long standing relationships with customers and we are committed to continue providing them with leading catalyst and recycling solutions”, said Shailesh Choksi, Managing Director at Ravindra Heraeus. The company already produces heterogenous precious metal catalysts at its main site in Udaipur. “This allows us to further expand our footprint to an advantageous location in south India, in line with our commitment to provide support close to our customers.” The acquisition follows several significant investments in the company's main site in Udaipur in expanding its pyrometallurgical and wet chemical recycling capacities and capabilities.
“This is an excellent addition to Ravindra Heraeus. It allows us to increase our participation in India’s growth in pharmaceuticals and strengthen our leading global position in precious metal recycling,” agreed Steffen Metzger and Stefan Staubach, CEOs of Heraeus Precious Metals.
Ravindra Heraeus is one of India’s most renowned companies for precious metal products. The Joint Venture is equally owned by the Ravindra Choksi family and Heraeus. With the acquisition of the Arora Matthey Vizag site, Ravindra Heraeus is not only expanding its operating scale, but the investment also shows Heraeus’ strong commitment to the Indian market. The Joint Venture is celebrating its 30th anniversary this year.
“We are pleased to take over the facility and to continue the growth path together with the local team.”, emphasized Shailesh Choksi. The facility produces precious metal containing catalysts that are used in the chemicals and pharmaceuticals industries. The offering includes heterogenous catalysts containing platinum group metals on a variety of catalyst carriers as well as homogenous catalysts. In addition, spent catalysts are returned and recycled – ensuring a full loop service, keeping scarce precious metals in the economic cycle.
About Ravindra Heraeus
Ravindra Heraeus is one of India’s most renowned companies for precious metal products. Established in 1994, the Joint Venture is equally owned by the Ravindra Choksi family and Heraeus. The company is specialized in the manufacturing of high-tech precious and specialty metal products and solutions. Ravindra Heraeus’ comprehensive refining services cover various types of precious metal containing material and makes them leading partner for customers. In 2022 the Udaipur site received accreditation for platinum and palladium sponges by the worlds renowned LPPM.
More information on: www.ravindraheraeus.com
