India: cement companies line up expansion to meet zero per cent growth
The cement industry is poised for expansion on the back of a reasonable recovery in the domestic economy and demand for cement hitting double-digit growth trajectory. The industry is undergoing expansions worth INR50,000 crore to take the overall capacity to close to 300Mt by 2012.
Companies enjoying firm pricing situation of the building commodity say the coming years, too, will see good consumption growth. The profitable period, which started in the middle of the current decade, is the longest profitable cycle for the industry. Expansions are being planned taking into account the expected rise in demand in the next five years.
Swiss cement major Holcim, which owns domestic entities ACC and Ambuja Cements, plans to pump in over US$1bn (INR4642 crore) to add 10MT to take its production capacity to 60 MT. Published under Cement News
