India: The Rajkot-based Kishan group of companies will increase its cement making capacity by investing USD53-63m to set up a new cement plant, which is expected to be commissioned by the end of November 2011. The company already operates a mini cement plant and markets cement under the brand name of Kishan Cement.
For the major cement plant, the Kishan group has formed a new company under the name of 'Hi-Bond Cement India Private Limited.' The group's director, Rajan Vadaliya Vadalia, who also heads the cement plant project, said that the production capacity of new cement plant would be 0.9Mt/yr, with the potential for further expansion in the future. Vadalia added that production would continue at the 0.2Mt/yr mini cement plant.
"The Kishan brand will help us to get new business because it has already a well known name," said Vadaliya. The company is focusing on Gujarat, Maharashtra, Rajasthan and some parts of Madhya Pradesh for marketing.
"Logistically it is costly to cater to the pan-India market, hence we are focusing on markets in western India. Meanwhile, we are also looking at export opportunities and our team is working on various options for exports," he said. He also reported that the machinery for the new cement plant was being imported by a well-known Danish company.
