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News India Cements buys Springway Mining

India Cements buys Springway Mining

Written by Global Cement staff 30 October 2018
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India: India Cements has entered into a share purchase agreement to buy Springway Mining for around US$25m. It says it has made the purchase to build a new cement plant in Madhya Pradesh. The cement producer plans to build a 1.5Mt/yr grinding plant in East Nimar, according to the Hindu newspaper. Springway Mining operates a mining and quarrying business.

Last modified on 31 October 2018
Published in Global Cement News
Tagged under
  • India
  • India Cements
  • Acquisition
  • Springway Mining
  • Plant
  • Madhya Pradesh
  • GCW377
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