LafargeHolcim to invest $213mn into India growth strategy

By Sophie Chapman
The Swiss building materials manufacturer, LafargeHolcim, has announced its plans to commit SHF200mn (US$213mn) to Indian investment. The firm is to co...

The Swiss building materials manufacturer, LafargeHolcim, has announced its plans to commit SHF200mn (US$213mn) to Indian investment.

The firm is to construct a new cement plant, locacted in the Rajasthan state in the north of the country.

The plant will serve customers across the North of India, with Delhi anticipated to be a larger consumer.

The plant will be developed by Ambuja Cement, a subsidiary of LafargeHolcim.

The company aims for the facility to have a clinker capacity of 3.1mn tonnes per annum.

SEE ALSO:

“India is the second biggest global cement market and is forecasted to continue to see high growth rates,”remarked Group CEO of LafargeHolcim, Jan Jenisch.

“We are excited to invest in this highly attractive market to further strengthen our footprint and to reinforce our leading building materials position in India.”

LafargeHolcim aims for the plant to be commissioned by the second half of 2020.

The firm has a total cement capacity of more than 60mn tonnes across India through its two subsidiaries – Ambuja Cement and ACC Limited.

The Swiss company have contributed more than CHF8bn ($8.54bn) to it’s Indian operations, becoming one of the nation’s largest foreign investors.

Share

Featured Articles

How to lead a successful EDI migration process

Software developer Comarch, which has over 20 years of experience in data management, shares tips on the potentially challenging EDI migration process

Changing EDI provider & how to find the right one

How to find the right EDI provider for your business

Tinamu drone automation revolutionises inventory management

Swiss firm Tinamu transform building material inventory management with Automation and Drone Technology and redefine stockpile volume measurement

COBOD's BOD2 3D printer used to build a school in Ukraine

Construction Projects

All you need to know about Saudi real estate developer ROSHN

Construction Projects

Arcadis signs collaboration with Canadian start-up Niricson

EPC