Asian Paints to set up white cement facility
Asian Paints has signed a binding term sheet with Riddhi Siddhi Crusher & Land Transport, Associated Soap Stone Distributing (ASD) and other companies to form a joint venture to manufacture and export white cement and white cement clinkers by setting up a manufacturing plant.
The initial capacity of the said manufacturing facility, to be set up in Fujairah, UAE, would be 2,65,000 tons per annum. In addition, clinker grinding units would be set up in India as well.
Key raw material
White cement is a key raw material in the manufacture of powder paints und undercoats like putty – a powder levelling solution used for various interior/exterior substrates. In addition, white cement ist used in the home construction and repair segment, for various applications like tile/marble fixing, santitary ware work, repair work, etc.
Riddhi Siddhi holds mining rights for high quality limestone mines in Fujarah, UAE. ASD is a supplier of certain raw materials to the paint industry and habe partnered with Riddhi Siddhi for setting up the joint venture with the company.
