JSW Cement to invest US$ 150 million in Fujairah
JSW Cement, one of India’s leading producers of green cement and part of the US$ 13 billion JSW Group, will invest nearly US$ 150 million in Fujairah/UAE. The investment in Fujairah is aimed at setting-up 1 Mt/a clinker unit and a captive power plant to service the energy requirements of the clinker unit. This investment will be made through JSW Cement Ltd’s wholly-owned subsidiary, JSW Cement FZE. The new clinker unit is part of the JSW Cement’s goal to achieve 20 Mt/a capacity by the year 2020.
The ground-breaking ceremony for JSW Cement’s new clinker unit was graced by His Highness Sheikh Mohammed bin Hamad Bin Mohammed Al Sharqi in Fujairah and other high-level delegates.
The clinker unit in Fujairah will service JSW Cement’s manufacturing units in coastal India and is expected to create 400-500 direct and indirect job opportunities.
