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News Vicat to spend Euro223m on Indian operations

Vicat to spend Euro223m on Indian operations

Written by Global Cement staff 12 March 2018
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India: France’s Vicat plans to spend Euro223m towards upgrading a cement plant and building a new one in India. Group chairman Guy Sidos signed two memoranda of understanding on a recent French business delegation to India, according to the Economic Times newspaper. Vicat’s local subsidiary, Kalburgi Cement, plans to spend Euro140 on an upgrade to its Karnataka cement plant. The upgrade will add 2.25Mt/yr of cement capacity and will be completed by the first quarter of 2023. It also plans to invest Euro60m towards building a new 1.75Mt/yr plant in the Vizianagaram district of Andhra Pradesh. The new plant is scheduled for completion in mid-2022. Once both projects are completed Kalburgi Cement will have a total cement production capacity of 6.75Mt/yr from two units.

Last modified on 13 March 2018
Published in Global Cement News
Tagged under
  • India
  • VICAT
  • Plant
  • Upgrade
  • Andhra Pradesh
  • Kalburgi Cement
  • GCW344
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