• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi March 18 Germany's HeidelbergCement said on Sunday that it plans to set up a 2-million-tonne a year cement plant in Gujarat to tap the rising demand. Heidelberg, the world's fourth-largest cement maker, already makes 3.5 million tonnes of cement a year in India.

"Heidelberg wants to achieve the stated objective of 10 to 15 million tonnes capacity in India over the next three to four years, by going for acquisitions, brownfield as well as greenfield projects," Dr B. Scheifele, Chairman and CEO of the Heidelberg Group, had said while on a recent visit to India.

The company bought a 51 per cent stake in Mysore Cements Ltd for $94 million in last July. It is also setting up a grinding plant with Indo Rama Cement.

Related Stories:
S.K Birla Group to sell 51% stake in Mysore Cement to Heidelberg
Heidelberg eyeing 5-10 million tonne cement capacity in 3 years
Heidelberg in pact with Indorama Cement

More Stories on : Cement | New Projects | Gujarat

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Alert for high winds, hail in Northwest India

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line