# Siam Cement Group and Big Bloc Construction sign joint venture for ALC blocks in Gujarat

Siam Cement Group and Big Bloc Construction have signed a joint venture agreement to manufacture and distribute autoclaved lightweight concrete (ALC) blocks and panels in Gujarat. The JV will invest around $100 million, with Big Bloc holding 52% and Siam Cement 48%.

- Type: Acquisition
- Announced: 2022-01-27
- Where: Gujarat, India
- Value: $100.0M
- Status: announced
- Products: autoclaved lightweight concrete (ALC) blocks and panels
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Siam Cement](https://endata.com/companies/6339.md) (partner)
- [Big Bloc Construction](https://endata.com/companies/60625.md) (partner)

## Sources

- [investindia.gov.in](https://www.investindia.gov.in/team-india-blogs/jv-agreement-signing-between-siam-cement-group-big-bloc-constructions), 2022-01-27: "Big Bloc Construction will hold a 52 per cent stake in the JV, while Siam Cement Group will hold the remaining 48 per cent - both will jointly invest around $ 100 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.