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Article: India : Lafarge plans to acquire small units in S India.
- Article from:
- TendersInfo
- Article date:
- August 31, 2009
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Byline: pinto03
Lafarge India, the local unit of the French cement maker, is planning a cluster approach to venture into the South India market. That market has been consistently profitable and has a number of clusters in different state, with small units that are finding it difficult to survive at a time when big players are increasing their presence.
Lafarge has 5.5 million tonne capacity plants in Jharkhand and Chhattisgarh and is now aiming for a pan-India presence. It is already embarked on projects in Chhattisgarh and Himachal Pradesh which, once completed, will take its annual capacity to 12 mt. The company has plans to invest $1 billion (Rs 4,800 ...