Overview
By entering India in 2006, HeidelbergCement has consistently continued its strategy of making targeted investments in fast-growing markets. With the acquisition of majority stakes in Mysore Cements and Cochin Cements and the participation in Indorama Cement, we have secured a good base for supplying the attractive growth regions of Mumbai, Bangalore and Bhopal.
| India |
|---|
| Cement plants |
2 |
| Grinding plants |
4 |
(Data as of June 2008)The market
We took the first step in establishing a long-term market position by founding a 50:50 joint venture on the west coast of India in March 2006. The cement grinding plant Indorama Cement supplies the cities of Mumbai and Pune. In August 2006, we acquired a majority participation in the cement manufacturer Mysore Cements. The company operates two cement plants and a grinding plant in central and southern India. At the end of 2006, we acquired the grinding plant Cochin Cements in southern India.
In the past ten years, cement consumption in India has grown by approximately 7.5% per year.