Holcim plans to raise capacity in India 20% by 2015 to cater for increasing demand.
The company plans to raise its capacity in the country to 60Mt over the next five years, from 50Mt currently, Paul Hugentobler, a member of the executive committee of Holcim, told Dow Jones Newswires on the sidelines of an industry conference.
Mr. Hugentobler also said that Holcim expects to invest up to US$1bn for the addition, and may set up two or three greenfield plants in the country, each with a manufacturing capacity of 2Mt- 3Mta.
The building of roads, homes, ports, airports and power stations by the government and private companies is driving the demand for construction material such as cement in India--the world’s second-largest manufacturer of the commodity.
Holcim is present in the country through units ACC Ltd. and Ambuja Cements Ltd. Holcim controls a little more than 46% in both ACC and Ambuja Cements.