IAC Ltd

IAC completed Phase 2 of Tokai Carbon Black's SOx-NOx Reduction Project in Addis, Louisiana, installing a flue gas handling and SCR system to reduce NOx by ~90% and produce commercial-grade sulfuric acid, meeting EPA consent decree requirements.

Lumax Auto Technologies signed an agreement to acquire a 75% stake in IAC International Automotive India Private Limited from IAC Group at an equity valuation of INR 587 crore. The acquisition will be funded by debt and internal accruals.

Pacific Propeller International (PPI), part of Precision Aerospace Products (PAP), announced a strategic partnership with IAC in Fort Worth, Texas, to integrate engineering teams and expand into rotor aircraft blade repairs. The partnership builds on a Strategic Teaming Agreement signed in October 2021.

Precision Aerospace Products, parent company of Pacific Propeller International, announced a strategic partnership agreement with IAC Ltd to expand global reach on fixed wing aircraft and helicopter repairs.