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Vedanta Group to invest $500 million in AvanStrate Inc
The Machinist
|November 2024
VEDANTA LIMITED is planning to invest nearly $500 million in its group company, AvanStrate Inc. (ASI), a leading global display glass manufacturer now fully managed by Vedanta Limited.
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This strategic investment aims to drive innovation and expansion within ASI, strengthening its focus on R&D, manufacturing capabilities, and product offerings to meet the growing global demand for advanced display glass solutions.
With extensive operations and R&D centres across Taiwan, South Korea, and Japan, ASI aims to accelerate the development of next-generation glass products for advanced packaging and applications in high-growth sectors such as semiconductors, biotechnology, and automotive displays. Additionally, ASI is exploring collaborative partnerships to further its mission of advancing technology and enhancing market offerings.
This story is from the November 2024 edition of The Machinist.
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