BigBloc Construction’s joint venture (JV) -- SIAM Cement BigBloc Construction Technologies has launched its India operations with the commercial production of its first plant in Kheda, Gujarat. With the vision of launching next-generation walling solution for the Indian market, the joint venture has invested around Rs 65 crore in setting up a 2.5 lakh cubic meter per annum capacity project including India’s first AAC Wall Plant at Kheda district near Ahmedabad (Gujarat). The AAC Wall will be marketed under the brand name ‘ZMARTBUILD WALL by NXTBLOC’. The joint venture company will also manufacture AAC Blocks.
SIAM Cement BigBloc Construction Technologies is a JV between BigBloc Construction and Thailand’s SCG International Corporation (SCG International). The company entered into a strategic Joint Venture with SCG International from Thailand for setting up state-of-the-art manufacturing facility for AAC Walls and AAC Blocks in Kheda District, near Ahmedabad (Gujarat). The company holds 52% in the JV company while 48% with SCG International. This is SCG Group’s first investment in India.
Bigbloc Construction is engaged in the business of manufacturing of building blocks and AAC Bricks.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 11828.20 |
| Ambuja Cement | 458.65 |
| ACC | 1442.90 |
| Shree Cement | 25103.25 |
| Dalmia Bharat | 1973.30 |
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