Chettinad Cement to add 3Mt capacity by end-2010
Chettinad Cement Corporation said it will add nearly 3Mt of cement production capacity a year by the end of 2010.
The company also plans to set up a greenfield plant in Karnataka where it has acquired 1,500 acres for the project.
Addressing a press conference at the launch of the company’s new logo, Mr M.A.M.R. Muthiah, Managing Director, said that over the last three years the company has invested over Rs 1,200 crore to give a production capacity of 7.2Mta.
Earlier this year, the company commissioned its third plant in Ariyalur in Tamil Nadu.
It will add 2.7Mt over the next one year at both its plants in Karur and Karikkali where it has total capacity of around 3Mt.
This will be done through one additional production line in Karikkali and process improvements.
These will make Chettinad Cement the largest manufacturer in the State and help consolidate its position in its markets in Tamil Nadu, Kerala and Karnataka.
The company has also acquired over 1,500 acres in Gulbarga to set up a 3Mt production facility by 2013 with provision to double the capacity in the next two years.
It will also set up a 45MW coal-based power plant.
It will work on the investment plan once the statutory approvals are in place, he said.
Published under Cement News
