A strategic partnership agreement was signed in the Special Economic Zone at Duqm (SEZAD) between UltraTech Cement Limited, India (UltraTech), the flagship Cement company of Aditya Birla Group, and Seven Seas to invest in Duqm Cement Projects International (DCPI) which was fully owned by Seven Seas Company LLC.
The partnership is expected to contribute to the twin national objectives of economic diversification and employment generation. The team is working in close coordination with SEZAD (a zone affiliated with the Public Authority for Special Economic Zones and Free Zones) officials to fast-track various approvals, infrastructure and providing investment environment in the Special Economic Zone at Duqm (SEZAD).
Aditya Birla Group (ABG) is a $60-billion multinational conglomerate with presence in 36 countries and over 140,000 employees belonging to 100 nationalities. In India they hold leadership position in grey cement, caustic soda & specialty chemicals, copper and viscose filament yarn. Globally ABG is the leader in aluminum rolling and holds the second position in Viscose Staple Fibre and Carbon Black.
UltraTech currently has a cement production capacity of 121 million tonnes in India which is expected to go up to 159 million tons by the end of FY2025. In the region, they have manufacturing facilities in the UAE, and Bahrain.
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