India: Sagar Cements says that it will pay US$111m to acquire Andhra Cements outright. The Hindu BusinessLine News has reported that the deal will more than double the producer's capacity to 8.25Mt/yr. By 2025, Sagar Cements expects to increase the newly acquired subsidiary's clinker capacity by 1.2Mt/yr, and its grinding capacity by 600,000t/yr. The group plans to invest US$56.8m in capital expenditure before 2025 in order to realise its plans.
Sagar Cements discloses price of Andhra Cements acquisition
URL: https://www.globalcement.com/news/item/15355-sagar-cements-discloses-price-of-andhra-cements-acquisition
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