Thailand-based Siam Cement Group through its Subsidiary SCG International and BigBloc Construction have entered into a joint venture for manufacturing their patented product – ALC Panels in Gujarat.
Thailand-based Siam Cement Group through its Subsidiary SCG International and BigBloc Construction have entered into a joint venture for manufacturing their patented product – ALC Panels in Gujarat.
BigBloc holds 52% stake in this JV and will jointly invest around $100 million, with the first tranche of $10 million. The Gujarat based listed company currently operates manufacturing units in Kapadvanj, near Ahmedabad. The new manufacturing unit for ALC panels, a replacement of bricks and blocks, has a capacity of 3 lakh cubic meters per-annum.
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