India: Everest Industries is constructing a fibre cement boards and wall panels plant in Chamarajanagar district, Karnataka, with an investment of US$22.6m. The new facility, located on an 8.09 hectare plot in the Kellambali-Badanaguppe industrial area, will be operational later in March 2024. It will produce 72,000Mt/yr of fibre cement boards and 19,000Mt/yr of Rapicon wall panels. The company specialises in the production of fibre cement boards.
The plant is expected to generate 127 job opportunities.