CRH and Holcim look to buy majority stake in India-based SJJCL

CRH, the Irish producer of building materials, and Switzerland-based cement maker Holcim are in talks with the Shriram Group in a bid to buy a majority stake in Sree Jayajothi Cements (SJJCL). SJJCL has a cement plant in Andhra Pradesh with annual output of 3.2 million tonnes. CRH and Holcim have plants in India with combined capacity of over 61 million tonnes. CRH is partnering with My Home Industries, which has a factory with output of 4.2 million tonnes a year, and Holcim owns ACC, a local cement produce
January 4, 2013 Read time: 1 min

723 CRH, the Irish producer of building materials, and Switzerland-based cement maker 680 Holcim are in talks with the Shriram Group in a bid to buy a majority stake in Sree Jayajothi Cements (SJJCL).

SJJCL has a cement plant in Andhra Pradesh with annual output of 3.2 million tonnes. CRH and Holcim have plants in India with combined capacity of over 61 million tonnes. CRH is partnering with My Home Industries, which has a factory with output of 4.2 million tonnes a year, and Holcim owns 4577 ACC, a local cement producer.

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