Saturday, January 27, 2007

L&T inaugurates new concrete plant worth Dh.48 million

The Larsen and Tourbo (L&T) company of India inaugurated a Concrete plant worth Dh.48 million with 240 cubic meters capacity per hour in Jebel Ali. This plant is said to meet the need for ready-mix concrete which has a growing demand currently in the UAE.

Currently L&T supplies and manufactures three million cubic meters of concrete every year by way of sixty factories spread throughout the country. These operations are carried out by an army of five hundred transit mixers, hundred stationary pumps, and six mobile concrete pumps with a twenty eight percent market share.

As a part of its expansion plans, L&T plans a total number of 150 plants in India towards end of 2010. The company also has expansion plans in the Middle East, and is in particular concentrating on Abu Dhabi, Ras Al Khaimah, Muscat and Sohar.

The Senior Executive Vice President and Board of Member of L&T, K.V.Rangaswami, expressed his confidence that L&T will leave a mark as a major force in this particular segment, and will expand further to other parts of the UAE and GCC by focusing on Gulf construction market in particular. He added that the company can leverage the advantages offered by L&T concrete, either by supplying it to various other contractors or for its own projects.

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