JK Cement is likely to set up cement plant at J. K. Cement Works (Fujairah) FZC with production capacity of 0.6 Million Ton per annum of White Cement with a provision to change over to 1.01 Million Ton per annum capacity, grey cement at a total cost outlay $150 Million. The project will be funded at a debt equity ratio of 2:1. The company has obtained board approval for the cement plant at a board meeting held on November 11, 2011.
J. K. Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.
