Liberty House plans to spend $1 billion on India expansion: CEO [Reuters]
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Source: Reuters
Liberty House plans to spend $1 billion on India expansion: CEO | Reuters Reuters Staff 2 Min Read LONDON (Reuters) - Metals group Liberty House will invest $1 billion to grow its business in India within the next three years, its chief executive said on Tuesday. “India is a huge market, it’s a sleeping giant. We are very focused on growing our downstream footprint in India,” chief executive Douglas Dawson told Reuters on the sidelines of an aluminum conference in London. Liberty House Group, which has been snapping up distressed steel and aluminum assets around the world, is currently the preferred bidder for auto component manufacturers Amite Auto India, the company said last month. Amite Auto supplies major carmakers such as Tata Motors, Maruti Suzuki and Ford. Liberty House also made a binding offer in January for Rio Tint’s, aluminum smelter in Dunkirk, France, the largest in Europe. “What we are more focused on is growing our value-add assets,” Dawson said. Rio Tinto said in a s
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