JSW Cement will invest nearly USD 150 million to set up a one-mtpa (million tonne per annum) clinker plant in Fujairah, UAE, which is expected to be ready by December 2019. The facility is part of the company’s plan to achieve 20 mtpa capacity by 2020. The investment will be made through JSW Cement’s wholly-owned subsidiary JSW Cement FZE.
The company’s Fujairah plant will service its manufacturing units in coastal India and is expected to create 400-500 direct and indirect job opportunities.
It is also setting up a captive power plant to service the energy requirements of the clinker unit.
“Through this investment we hope to contribute to the overall economic development of Fujairah as well as create new direct and indirect job opportunities,” Parth Jindal, managing director, JSW Cement.
The company’s Fujairah plant will service its manufacturing units in coastal India and is expected to create 400-500 direct and indirect job opportunities.
