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Further expansion in India

World Cement,

Lafarge has confirmed that it intends to raise €200 million to accelerate its growth plans in India. Baring Private Equity Asia, one of Asia’s largest private equity firms, has signed an agreement with Lafarge SA to raise the funds through an acquisition representing a 14% minority stake in Lafarge India Private Limited. The transaction is subject to local regulatory approvals.

Elsewhere in India, the Jammu and Kashmir Government has announced that its state-owned 300 tpd grinding and packing plant in the Samba district will be completed in just a few months. Installation of the Jammu and Kashmir Cements Ltd (JKCL) plant is on track for completion in July, according to the State’s Minister for Industries and Commerce. The plant has come at an investment of Rs.27 crore and will meet the cement demand of both government and private projects in the province.

Edited from various sources by Katherine Guenioui.

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