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Prism Cement, Ardex forms JV to set up plants in India

10 Apr 2013 Evaluate

Prism Cement and German-based Ardex has formed a joint venture company Ardex Endura to set up plants in Bangalore and Durgapur, West Bengal, this year to meet the growing demand in the South, especially in Tamil Nadu and North-East. In this regard, the companies will invest Rs 40 crore.

The new plants will strengthen the Prism Cement’s position in (tile-fixing) adhesive, flooring products, water proofing concrete repair and allied products’ market.

Prism Cement is one of India’s leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens.

Peers
Company Name CMP
Ultratech Cement 10878.20
Ambuja Cements 368.00
ACC 1182.00
Shree Cement 21946.15
Dalmia Bharat 1674.00
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