Ambuja Cements, UltraTech to increase exports
Ambuja Cement Ltd, India’s second largest cement producer and UltraTech Cement Ltd, an Aditya Birla Group Company, have plans to increase cement exports taking the advantage of demand in the Middle East. AL Kapur, MD, Ambuja Cement Ltd said, "For the current year, I should be able to achieve my target of exporting 0.8Mt and if possible, more, depending on the availability of ships. Next year, we are targeting to export around 1Mt."
Similarly, UltraTech has also decided to export surplus cement after fulfilling the domestic demand. "There is good demand in the Middle East, prices are also good and many construction activities are also coming up. We have planned to export about 2Mt of cement by this year end. However, whether we can accomplish this will depend on the volumes," said KC Birla, president and CFO of UltraTech.
Published under Cement News
