Skip to main content

HeidelbergCement may pick up JP cement plant

Published by
World Cement,


HeidlebergCement is reported to be looking at buying the Sikandarabad plant belonging to Jaiprakash Associates. The latter company has been divesting assets as a debt-reducing exercise; this plant would be the fifth to be sold in just over a year. The 1 million tpy unit is located in Uttar Pradesh and the value attached to it is said to be Rs.500 crore.

Jaiprakash Associates is also said to be selling two more cement plants, which UltraTech Cement and Heidleberg have reportedly expressed an interest in. The company has so far divested some Rs.15 000 of assets (13 million t of capacity) and plans to divest a further Rs.10 000 by the end of the year.


Edited from various sources by

Sources:

Read the article online at: https://www.worldcement.com/asia-pacific-rim/22062015/heidelbergcement-may-pick-up-jp-cement-plant-46/

You might also like

 EnviroTech 2020

[ONLINE] EnviroTech 2020

EnviroTech 2020 is an online conference for professionals in the cement sector. Featuring presentations from industry experts, you can join this completely virtual conference from anywhere in the world, absolutely free. Register for free today »

 

Fuelling The Future

Skourides I. and Petrou S., Vassiliko Cement, and Akritopoulos M. P. and Abbas T., Cinar, discuss an innovative project at the Vasilliko cement plant, using MI-CFD analysis to reduce NOx emissions generated in the calciner.

 
 

Embed article link: (copy the HTML code below):