My Home Industries Ltd (MHI) has announced the launch of its new cement plant in Tuticorin, Tamil Nadu. The plant is expected to start functioning from January 2017.
Executive Director of MHI, Samba Siva Rao, said that the grinding unit at Tuticorin would expand the company’s market share in the southern market: “We are leaders in Andhra and Telangana. In Tamil Nadu we have about seven percent market share and in Karnataka, it is about five to six percent. This plant would help strengthen our operations in Karnataka, Tamil Nadu and Kerala,” he said.
At present MHI operates a total installed capacity of 8.4Mta. With the launch of the new plant this will rise to 10Mta.
