Thailand-based, The Siam Cement Public Company (SCG), is planning to set up a manufacturing plant in India.

SCG will set up Smartboard fibre cement sheets and Smartwood fibre cement manufacturing facility with an investment of about $50 million (approx Rs 329.3 crore).

Smartboard is a new generation product made from portland cement, fine silica, cellulose fibre and water. The major application for the material is construction of partition walls as an alternate for brick or concrete walls.

Smartwood is a fibre cement sheet with cellulose fibre, portland cement, silica and other admixtures. As a building material, it works as an alternate to natural and wood composite facading material with a lower price point and performance that is superior to natural wood and wood composites.

The plant is expected to be operational within two years.