India: Ramco Industries will build a new fibre cement board plant in Maksi, Madhya Pradesh, with an installed capacity of 58,000t/yr. The project, estimated to cost US$23.8m, will be financed through US$15.2m in term loans and internal accruals, and is expected to be completed within 12 months. The company said the investment aligns with its growth strategy and responds to rising demand for fibre cement boards in the construction industry.
