The Associated Cement Companies Limited, India’s foremost manufacturer of cement, is scouting for business opportunities in China as well as cooperative projects in third countries, senior company executives said here. "We have identified China as a major market for business opportunities even though it is the world’s largest producer of cement," ACC senior vice president, overseas projects, V J Anantharaman said.
ACC, one of the leading Indian companies currently participating in the second "Made In India Show" organised jointly by the CII and the Indian Embassy here, has made some initial breakthrough in the Chinese market and is confident that the company can cement some tie-ups in the booming market here, he said. Though China is the world’s leading producer of cement, most of the country’s plants were using "obsolete" technology, Anantharaman told PTI.
In China, ACC has done an appraisal of the scheme for modernisation of Chinese cement plants prepared by the Asian Development Bank, Manila. At the same time, India, the second largest producer of cement with some 130Mt, is using energy-efficient technology, which could be "ideal" for Chinese cement companies who are planning modernising, he said.