Switzerland-based materials producer LafargeHolcim has unveiled plans to build a new CHF200 million (US$213.5 million) cement plant in the state of Rajasthan, in the north of India.
It was said that the investment would strengthen the company’s presence on the subcontinent by serving customers in northern regions, including Delhi.
Jan Jenisch, CEO of LafargeHolcim, said, “India is the second biggest global cement market and is forecasted to continue to see high growth rates. 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.”
The new plant is being set up by the group’s subsidiary Ambuja Cement and it will have a clinker capacity of 3.1 million tonnes per year.
The commissioning of the plant is expected for the second half of 2020.