India: ACC Cement plans to invest US$499m to modernise its Jamul facility in Chhattisgarh and to add a grinding unit of 1.5Mt/yr capacity in its Jharkhand-based unit, according to ACC sales director C Kurian. ACC aims to decommission the existing plant at Jamul and set up a new technology-based cement plant with a 4Mt/yr production capacity. Kurian added that the Holcim-owned company is likely to finish the work by the second quarter of 2015.
ACC currently has a production capacity of 6Mt/yr but plans to raise it to 10Mt/yr by 2016. It has six plants and holds a market share of 12% in India.
