JSW Cement to invest approximately US$150 million in Fujairah
JSW Cement has announced that it will invest approximately US$ 150 million in Fujairah, UAE. With this investment the company plans to set up 1 MTPA clinker unit. The company will also be setting up a captive power plant which will take care of the energy requirements of the clinker unit. The company further stated that the investment will be made through its wholly-owned subsidiary JSW Cement FZE.
The clinker plant at Fujairah, UAE is part of the JSW Cement’s target to achieve 20 MTPA capacity by Year 2020. This plant will provide clinker to the company’s manufacturing units in coastal India and is expected to create 400-500 direct & indirect job opportunities. The company further announced that it aims to become a leading green cement player in terms of EBITDA per tonne in India.
@EPC World Media
