Sanghi Cements to set up floating terminal at Cochin Port
Gujarat-based Sanghi Cements is setting up a floating cement terminal at Cochin Port as part of expanding its coastal movements to South Indian markets. The floating terminal is a ship with a bagging plant on board. It will have facilities to mix the raw material in the vessel itself and to take powdered cement in bags after the process. Floating terminal will save the costs of setting up shore-based facilities. It will ensure an additional three lakh tonnes volumes in the total cement throughput of Kochi Port. The port is in a position to provide berthing facility for the project, as its cargo handling capacity now stands at 25.01 MTPA against the rated berth capacity of 74.6 MTPA, AV Ramana, Deputy Chairman of the port said.