India Intelligence Report

 

 

   Heidelberg in Gujarat

  World's fourth largest cement maker, German company Heidelberg Cement said that it is planning a two million ton cement plant in Gujarat to augment the 3.5 million tons it already produces in India.
     
 

World's fourth largest cement maker, German company Heidelberg Cement said that it is planning a two million ton cement plant in Gujarat to augment the 3.5 million tons it already produces in India. Heidelberg plans to built up cement capacity to produce 10 to 15 million tons out of India in the next three to five years mainly through acquisition of brown-field and green-field projects. In July 2006, Heidelberg bought a 51 per cent stake in Mysore Cements Ltd at USD 94 million. It is also planning to set up a grinding plan with Indo Rama Cement-but the location has not been announced