Economy & Market
JK Cement to set up $14.9 m white cement plant in Fujairah
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. The plant will have the flexibility to produce 100 per cent white cement, a mix both of white and grey cement, or 100 per cent 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 per cent 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.