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

Masdar works with African countries on renewable projects

Agreements with Angola, Uganda and Zambia will see development of renewable energy projects with a combined capacity of up to 5GW

Select Group awards US$816.7m in construction contracts

Contracts awarded cover more than 10 million square feet of development and are for development projects launched over the last year

Saipem awarded $1.2bn contracts for Guyana and Egypt project

Italian multinational say new contracts will be for ExxonMobil Guyana and Petrobel

Saudi Arabia dominates MENA construction sector in 2022

Facilities Management

WeBuild-led consortium signs €1.26bn Italian highway contrac

Construction Projects

Shaariq.com signs MoU with Pakistan’s JK&S Developers

Digital Construction