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Bigbloc Construction signs joint venture agreement with Siam Cement Group

30 Dec 2021 Evaluate

Bigbloc Construction has signed joint venture (JV) agreement with Siam Cement Group (SCG). This joint venture is to set up a strong relationship between Thailand's second largest company and also the largest and oldest cement and building material company, SCG and India's leading concrete brick and block manufacturing company Bigbloc Construction.

Under the JV, SCG will hold a 48% stake and Bigbloc will have 52% of stake with a set up for manufacturing and distribution of the patented product AAC Block and panels in Gujarat.

Bigbloc Construction is engaged in the business of manufacturing of building blocks and AAC Bricks.

Peers
Company Name CMP
Ultratech Cement 11081.00
Ambuja Cements 386.00
ACC 1236.75
Shree Cement 22337.15
Dalmia Bharat 1720.35
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