Everest Industries ..... planning major overseas expansion.
Indian building firm plans new plant in UAE
DUBAI, October 19, 2014
Everest Industries, a leading Indian manufacturer of building solution products, plans to set up a fibre cement board plant in the UAE as part of its global expansion strategy, said a report.
Fibre cement is a composite building and construction material, used mainly in roofing and facade products because of its strength and durability.
The new plant, which aims to produce about 72,000 tonnes of fibre cement per annum, will be set up through a wholly-owned subsidiary company of Everest Industries in Mauritius, reported the Business Standard.
The New Delhi-based company has already won approval from its board of directors for the new UAE venture, it added.