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JK Cement to set up Rs 750-cr plant in UAE

Saturday 12th Nov 2011 1370

New Delhi : JK Cement today said it would invest over Rs 750 crore to set up a white cement plant in the United Arab Emirates, through a subsidiary, with capacity to produce 0.6 million tonne a year.

The greenfield plant, which will come up at the Fujairah Free Trade Zone, will also have provision to change over to produce grey cement, JK Cement said in a filing to the Bombay Stock Exchange (BSE).

The board has approved setting up of cement plant at JK Cement Works (Fujairah) FZC with production capacity of 0.6 million tonne per annum of white cement with a provision to change over to 1.01 million tonne per annum grey cement at a total outlay of $150 million," it said.

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