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India-based JK Cement sign $14.9m Fujairah deal

by Duncan Hare on Nov 16, 2011

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JK Cement's Fujairah plant will be next to the Al Salwa crusher.

JK Cement of India has announced a $14.9m deal to set up a white cement plant in Fujairah. The plant will have a capacity of 600,000t/y of white cement, with the flexibility of producing up to 1m t/y of grey cement.

The deal marks JK Cement’s first enterprise overseas. “We are extremely proud that, with the inauguration of the plant Fujairah, JK Cement has spread its wings,” said Yadupati Singhania, MD and CEO of JK Cement.

The plant will have the flexibility to produce 100% white cement, a mix both of white and grey cement, or 100% grey cement, depending upon market demand.

JK Cement had originally hoped to build a 2.2m t/y plant, scheduled for mid-2010 in Fujairah, but this plan was scuppered by the global financial slump.

Fujairah Investment, an undertaking of the Fujairah government, will have a 10% stake in the greenfield plant, which is being set up by JK Cement’s local subsidiary JK Cement Works (Fujairah). The plant will be strategically located adjacent to the Al Salwa crusher at Habhab.

JK Cement is the second-largest manufacturer of white cement in India, with a yearly capacity of 400,000t.

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