Italcementi eyeing acquisitions in India, Thailand

Italcementi eyeing acquisitions in India, Thailand
Published: 12 October 2005

Italcementi SpA is eyeing acquisition opportunities in India and Thailand, said Giorgio Ghinaglia, managing director at the cement maker’s Egyptian unit Suez Cement.   "We want to grow in India and Thailand, also through acquisitions," he was quoted as saying by daily Finanza & Mercati.  On Egypt, Ghinaglia said that the operations in the country will contribute by US$450-500m or by 8-10 per cent to the group’s sales in 2006.