JSW to invest nearly $150 million in UAE to set up 1 mt cement unit

JSW Cement, part of the $13-billion (Rs 900 billion) JSW Group, will invest nearly $150 million in Fujairah, UAE, to set up a one million tonne clinker unit and a captive power plant. 

This will be made through its wholly-owned subsidiary, JSW Cement FZE. The new clinker unit is part of JSW Cement’s goal to achieve 20 mt annual capacity by 2020, from 10.3 mt now. 

The unit will service JSW Cement’s manufacturing units in coastal India and is expected to create 400-500 direct and indirect job opportunities.