Big Bloc & SCG International India JV to Manufacture ALC Blocks & Panels
Big Bloc Construction Limited announced a new partnership with SCG International India to manufacture ALC Blocks and Panels. Big Bloc will hold 52% while SCG will hold a 48% stake in the joint venture. The joint venture will manufacture and sell lightweight concrete blocks and panels with a total capacity of 2.6 million sq metres in Gujarat. The total value of the project is estimated at INR 891 million. The construction of the plant is expected to be completed in a year followed by the commercial set-up. Set up in 2015, Big Bloc Construction Limited(Big Bloc) is a leader in the construction industry in Western India that specialises in producing building products and solutions. ALC blocks and panels are lightweight, contribute to time and cost savings by improving building efficiency and most importantly are environmentally friendly. Siam Cement Group (SCG), set up in 1913, is the oldest and largest cement and building material company in South East Asia. It has three core businesses - cement and building materials, chemicals and packaging. Speaking about the development, Narayan Saboo, Chairman, Big Bloc Construction Limited said,” We are excited to announce our collaboration with SCG which will help us to expand our product range and enter new geographies. We are the leader in the manufacture of ALC blocks and ALC panels are a logical extension of that concept. This will help to expedite the construction and enhance its quality. We are looking to scale up by adding to our product range. SCG is the best choice of partner as it is the largest cement company in South East Asia. We expect this partnership to be mutually beneficial for both parties.” SCG International India aims to share its technology, expertise and know-how to support the growth in the Indian market. Big Bloc will provide business through their networks including architects, contractors and project developers for the promotion and distribution of the products. Abhijit Datta, Managing Director, SCG International Corporation co. Ltd said,” We look forward to working with Big Bloc as we believe this JV is mutually beneficial for both parties due to the strong synergies. At SCG we operate the business under the guiding principles of ESG and we are committed to creating innovative products and solutions that meet the needs of our customers while not flinching from the sustainable growth of the communities we operate in. We realised that we needed a presence in India to achieve sustainable and impactful growth. This JV with Big Bloc will help us enter the Indian Building Solutions market. The ALC panels have got an excellent response in the Thailand market. Since Big Bloc has already established itself in the ALC blocks market, it is a natural fit for us. This JV will benefit the Indian construction market by supporting infrastructure growth using environmentally friendly products.”
Tags : ALLIED Architects sustainable growth Panels Building Materials Big Bloc Construction SCG International India ALC Blocks Indian Building Solutions Market