UltraTech Cement Seeks UAE Expansion
Cement

UltraTech Cement Seeks UAE Expansion

UltraTech Cement, a leading Indian cement manufacturer, is set to expand its global footprint with a strategic move to acquire a 31.6% stake in UAE-based RAK White Cement Company (RAKWCT). This acquisition aligns with UltraTech's vision to strengthen its presence in the Middle Eastern market, a region witnessing robust construction growth.

The acquisition deal, announced recently, underscores UltraTech's commitment to enhancing its capacity and market share in the white cement segment. RAKWCT, a well-established player in the UAE, is renowned for its high-quality white cement production, which is essential for various specialised construction applications. The collaboration is expected to create significant synergies, leveraging UltraTech's extensive industry expertise and RAKWCT's strong regional market presence.

This strategic investment is a part of UltraTech?s broader strategy to diversify its geographical presence and product offerings. The Middle East, with its booming construction sector driven by infrastructural development and urbanisation, presents a lucrative market for UltraTech's expansion. The acquisition will not only provide UltraTech with a foothold in the UAE but also enhance its export capabilities to other neighbouring regions.

Moreover, the move is likely to foster technological exchange and innovation between the two companies. By integrating advanced manufacturing techniques and sustainable practices, the partnership aims to produce superior quality white cement while adhering to environmental standards. This initiative is in line with UltraTech's sustainability goals, focusing on reducing carbon footprints and promoting eco-friendly construction solutions.

The deal also signifies UltraTech's proactive approach to global market trends and its agility in capitalising on growth opportunities. As the company continues to scale its operations internationally, stakeholders can anticipate improved financial performance and enhanced shareholder value.In conclusion, UltraTech Cement's proposed acquisition of a stake in RAKWCT marks a significant step towards cementing its position in the global market. This move is poised to drive growth, foster innovation, and contribute to sustainable development in the construction industry.

UltraTech Cement, a leading Indian cement manufacturer, is set to expand its global footprint with a strategic move to acquire a 31.6% stake in UAE-based RAK White Cement Company (RAKWCT). This acquisition aligns with UltraTech's vision to strengthen its presence in the Middle Eastern market, a region witnessing robust construction growth. The acquisition deal, announced recently, underscores UltraTech's commitment to enhancing its capacity and market share in the white cement segment. RAKWCT, a well-established player in the UAE, is renowned for its high-quality white cement production, which is essential for various specialised construction applications. The collaboration is expected to create significant synergies, leveraging UltraTech's extensive industry expertise and RAKWCT's strong regional market presence. This strategic investment is a part of UltraTech?s broader strategy to diversify its geographical presence and product offerings. The Middle East, with its booming construction sector driven by infrastructural development and urbanisation, presents a lucrative market for UltraTech's expansion. The acquisition will not only provide UltraTech with a foothold in the UAE but also enhance its export capabilities to other neighbouring regions. Moreover, the move is likely to foster technological exchange and innovation between the two companies. By integrating advanced manufacturing techniques and sustainable practices, the partnership aims to produce superior quality white cement while adhering to environmental standards. This initiative is in line with UltraTech's sustainability goals, focusing on reducing carbon footprints and promoting eco-friendly construction solutions. The deal also signifies UltraTech's proactive approach to global market trends and its agility in capitalising on growth opportunities. As the company continues to scale its operations internationally, stakeholders can anticipate improved financial performance and enhanced shareholder value.In conclusion, UltraTech Cement's proposed acquisition of a stake in RAKWCT marks a significant step towards cementing its position in the global market. This move is poised to drive growth, foster innovation, and contribute to sustainable development in the construction industry.

Next Story
Infrastructure Energy

Adyant Enersol & UPC Renewables Secure SJVN's 600 MW Wind Project

Adyant Enersol (Datta Infra) and UPC Renewables secured contracts in SJVN’s auction to develop 600 MW inter-state transmission system (ISTS)-connected wind power projects under a build-own-operate model. Adyant Enersol was awarded 70 MW with a tariff of Rs 3.98/kWh, while UPC Renewables secured 100 MW at a tariff of Rs 3.99/kWh. The tender for these projects was issued in March 2024, allowing bidders to submit proposals for capacities ranging from a minimum of 50 MW to a maximum of 300 MW, with project sizes specified in multiples of 10 MW. The selected developers are required to establis..

Next Story
Infrastructure Energy

Bridge and Roof Secures SJVN Contract for 100 MW Solar Project

Bridge and Roof Company, a government enterprise under the Ministry of Heavy Industries, has secured the engineering, procurement, and construction contract from SJVN Green Energy to establish a 100 MW solar power project in Rajasthan’s Didwana-Kuchaman district. The project is valued at approximately Rs 3.5 billion. The tender was issued in April 2024. The scope of work includes land development, design and engineering, procurement of equipment and materials, testing at the manufacturer’s facility, packing, transportation, supply, unloading, on-site storage, installation, erection, test..

Next Story
Infrastructure Transport

NHAI Uses AI and Drones to Detect 1,000 Encroachments on Highways

The National Highway Authority of India (NHAI) has implemented artificial intelligence (AI) and drone technology to detect approximately 1,000 encroachments on four major national highways. This initiative aims to address obstacles that hinder road construction projects and ensure their timely completion. The survey covered a span of about 360 kilometres, utilising high-frequency drones to capture detailed aerial images of the highways. AI-driven algorithms analysed these images to identify potential encroachments, including parked vehicles, construction materials, and makeshift structures. F..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000