Indian cement giant Pinani Cement Limited, which recently set up a joint venture with Shandong Rongan Building Materials Co., Ltd., said it was ready to invest another $100 million in the joint venture.
< P > < BR > In July this year, Pinani Cement Company and Rongan Building Materials Company established a joint venture company. At that time, the Indian side invested 11 million US dollars and held 49% of the shares. < P > < BR > Juneja, co-general manager of Pinani Cement, said: "We have been given management rights despite the current minority shareholding.". By September this year, we will be able to increase this proportion to 70%, and the company's annual production capacity will reach 2.2 million tons in the next three years. < P > < BR > Juneja said the joint venture will focus on the Chinese market as the demand for cement in the country is expected to continue to grow. In addition, although the company also hopes to export its products to East Africa and the Middle East, it will not consider selling them in India. < P > < BR > According to reports, Rongan Building Materials Company has its own limestone reserves, which can meet the expansion of reproduction in the next 20 or 30 years. < BR > (Please indicate the source for reprinting on China Cement Net)
浙公网安备33010802003254号