# Asian Paints proposes joint venture for white cement plant in Fujairah, UAE

Asian Paints entered a binding term sheet to set up a joint venture in Fujairah, UAE, with Riddhi Siddhi Crusher & Land Transport and others, to manufacture white cement and white cement clinker. The initial capacity is 265,000 tons per annum, with an investment of approximately INR 5.5 billion over two years.

- Type: Partnership
- Announced: 2022-10-25
- Where: Fujairah, UAE, United Arab Emirates
- Value: $67.0M (5.50B INR)
- Status: announced
- Capacity: 265,000 tons per annum
- Products: white cement, white cement clinker
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Asian Paints](https://endata.com/companies/16120.md)
- [Riddhi Siddhi Crusher & Land Transport](https://endata.com/companies/66078.md) (partner)
- [Associated Soap Stone Distributing Company](https://endata.com/companies/66079.md) (partner)

## Sources

- [pcimag.com](https://www.pcimag.com/articles/110704-asian-paints-proposes-joint-venture-for-white-cement-manufacturing-facility), 2022-10-25: "Asian Paints has entered into a binding term sheet for the setting up of a joint venture in Fujairah, United Arab Emirates (UAE), with Riddhi Siddhi Crusher & Land Transport..."

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