+
Siam Cement Group completes land acquisition for joint venture project
Cement

Siam Cement Group completes land acquisition for joint venture project

The property acquisition for Bigbloc Construction's joint venture with Siam Cement Group, a manufacturer of aerated autoclaved concrete (AAC) blocks, bricks, and panels, is now complete (SCG). At Kapadvanj, Kheda district near Ahmedabad, Gujarat, the company has purchased property to build a factory for 3 lakh cubic metre of autoclaved lightweight concrete (ALC) panels and AAC blocks annually.

In the year 2023, the plant is anticipated to begin commercial production. Gujarat has been chosen for the first foreign direct investment (FDI) from Siam Cement Group into India via the joint venture between SCG and Bigbloc.

SCG International Corporation, a global supply chain corporation with operations in 20 countries and a member of SCG Group, an ASEAN corporate conglomerate with assets exceeding $ 27 billion, would own 48% of the joint venture while Bigbloc Construction will own the remaining 52%. Rs 650 million are thought to have been invested overall in the project. SCG has established its first joint venture in India with this one.

Additionally, the joint venture seeks to encourage mutual growth and cooperation in the construction industry, exchange technological and commercial information, and provide modern building materials to Indian markets. It intends to put up a 3 lakh cbm per year factory for AAC blocks and ALC panels in the first phase.

Also read:
Cement firms contemplating Rs 10-Rs 15 per bag hike
JK Cement begins commercial production at Panna


The property acquisition for Bigbloc Construction's joint venture with Siam Cement Group, a manufacturer of aerated autoclaved concrete (AAC) blocks, bricks, and panels, is now complete (SCG). At Kapadvanj, Kheda district near Ahmedabad, Gujarat, the company has purchased property to build a factory for 3 lakh cubic metre of autoclaved lightweight concrete (ALC) panels and AAC blocks annually. In the year 2023, the plant is anticipated to begin commercial production. Gujarat has been chosen for the first foreign direct investment (FDI) from Siam Cement Group into India via the joint venture between SCG and Bigbloc. SCG International Corporation, a global supply chain corporation with operations in 20 countries and a member of SCG Group, an ASEAN corporate conglomerate with assets exceeding $ 27 billion, would own 48% of the joint venture while Bigbloc Construction will own the remaining 52%. Rs 650 million are thought to have been invested overall in the project. SCG has established its first joint venture in India with this one. Additionally, the joint venture seeks to encourage mutual growth and cooperation in the construction industry, exchange technological and commercial information, and provide modern building materials to Indian markets. It intends to put up a 3 lakh cbm per year factory for AAC blocks and ALC panels in the first phase. Also read: Cement firms contemplating Rs 10-Rs 15 per bag hike JK Cement begins commercial production at Panna

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code