(Reuters) - Indian cement companies are running plants at full capacity
to feed the fast expanding economy and producers have pledged to
add another 100 million tonnes of capacity by 2009/10 to the
existing 177 million tonnes a year.
Grasim said this could mean a surplus in cement supply by
mid-2008/09, but expected a strong growth in demand would
mitigate the pressure from additional supply.
Read more at Reuters.com Market News
to feed the fast expanding economy and producers have pledged to
add another 100 million tonnes of capacity by 2009/10 to the
existing 177 million tonnes a year.
Grasim said this could mean a surplus in cement supply by
mid-2008/09, but expected a strong growth in demand would
mitigate the pressure from additional supply.
Read more at Reuters.com Market News
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