Holcim to raise India capacity by 25mt

Holcim to raise India capacity by 25mt
PTI
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First Published: Sun, Feb 03 2008. 11 51 PM IST
Updated: Sun, Feb 03 2008. 11 51 PM IST
New Delhi: Hoping to exploit the burgeoning infrastructure sector, Swiss cement maker Holcim Ltd will invest about Rs10,000 crore in the next five years to set up plants and raise capacity by 25 million tonnes (mt) in the country.
The company is present in India through ACC Ltd and Ambuja Cements Ltd, in which it had acquired controlling stakes.
“We aim to grow at 8-10% annually and for that, we will add 4-5mt of capacity each year at an investment of $400-500 million (Rs1,576- 1,970 crore) a year. In the next five years, we will add up to 25mt,” Holcim Asia-Pacific management team member Amit Kothari said.
As on 31 December, Holcim had a production capacity of 45mt through the two firms, he added. On the number of plants it would set up, he said: “It will depend on the sizes of the plants.”
Kothari said the company is currently working on capacity expansion of four plants—two each of ACC and Ambuja.
Asked about further acquisition in the country to consolidate Holcim’s position, he said: “No acquisition at the moment. If there is an opportunity, we will definitely look at it. But right now, we are hands full with ACC and Ambuja.”
The company, however, has no plan to bring the Holcim brand to India, he said.
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First Published: Sun, Feb 03 2008. 11 51 PM IST