JSW Cement to Invest USD 150 Million in Fujairah
JSW Cement, one of India’s leading producers of green cement and part of the USD 13 billion JSW Group, will invest nearly USD 150 million in Fujairah/UAE.
The investment in Fujairah is aimed at setting-up an 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, together with 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.