India: Renaatus Procon will invest US$27.5m in the first phase of a new fibre cement board manufacturing plant in Andhra Pradesh. The facility is expected to be commissioned in 2026, and will have a production capacity of 60,000t/yr. It will serve the construction sector in southern Indian states and export markets.
The producer also plans to invest US$33m over the next 2-3 years to scale up production of its Renacon autoclaved aerated concete (ACC) blocks.
