Cement assembly plant worth Rs 20 cr for Baroda: Haver-Ibau

Mumbai, Jul 18 (UNI) German storing and packing majors-Haver&Boecker and Ibau have set up a Rs 20 crore full-fledged cement assembly plant at Baroda to meet the demand of the high growing domestic cement industry.

''We plan to focus on the cement and motar industries and can supply Indian companies systems that pack from 200 bags an hour upto 6,000 bags an hour,'' Haver Ibau MD Wilhelm A Dyckerhoff said here today.

Mr Dyckerhoff said the state-of-the-art systems could save Indian cement companies from 8,000 tonnes of losses due to spillage and pilferage. He said the systems could also provide accurate measurement of weights, offer 30 percent reduction in maintenance cost and reduce power consumption.

''Indian cement industry is an exciting one with the highest prices and growth of 12-15 percent. The country has 50-60 players all making profits, whereas Europe only has around 5 players. Demand for bag cement is upto is upto 90 percent here, whereas in Europe its only 7 percent,'' Mr Dyckerhoff said.

''The Baroda plant will employ 100 people, including after sales service and has entered into talks with major companies looking to be more competitive in the market,'' he said.

It has also received orders worth EUR 300,000 from Birla White and JK for its systems and is targeting Rs 150 crore turnover in the first year.

''We will also cover the neighbouring markets like Nepal and African countries like Kenya and South Africa,'' Mr Dyckerhoff said.

UNI ZC SR SKB1827