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HeidelbergCement to expand in India

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HeidelbergCement India, a subsidiary of Danish cement company Cementrum IBV, itself a wholly-owned subsidiary of HeidelbergCement AG, is investing Rs 1,600 crore on capacity expansion and raw material logistics infrastructure. Manufacturer of the ‘Mycem; branded cement in the country, HeidelbergCement India has two cement plants and three grinding facilities in Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra. Ashish Guha, CEO and MD said that they intend to expand the company’s presence in the profitable markets of Bihar, the National Capital Region and Uttar Pradesh.

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