Toowoomba-based construction materials and infrastructure business Wagners has struck a watershed agreement that will create a huge international market for its award-winning Earth Friendly Concrete (EFC) technology.
A Memorandum of Understanding (MOU) will be signed today (Oct 21) between Wagners and the $11b Indian conglomerate, JSW Group’s - JSW Cement.
Wagners EFC director, Mr Joe Wagner, said the MOU was a ground-breaking step towards an imminent joint venture between the two family-owned companies to produce EFC geopolymer concrete in India.
He said the joint venture would introduce the EFC technology into a marketplace, which produces more than 500 million m3 of concrete a year – by 2017.
“This is a very exciting opportunity for us to partner with a company who has a similar attitude towards construction materials with carbon footprint reduction and is one of the country’s top cement producers,” said Mr Wagner.
“JSW Cement is one of the leading brands in India and the joint venture will mean India can use our technology to recycle JSW’s steel and power production by-products,” he said.
Wagners EFC geopolymer concrete is used as a low-carbon alternative to conventional concrete, with the product containing no Portland cement, resulting in a significant reduction in greenhouse gas emissions.
In addition to an 80-90% reduction in greenhouse gas emisisons, EFC had structural benefits such as low shrinkage, higher flexural and tensile strength, low heat and far greater durability compared to that of the normal Portland-based concretes, said Mr Wagner.
The JSW Group is one of the leading conglomerates in India, with a presence in the USA, South America and Africa. The JSW group is a part of the O.P. Jindal Group with strong businesses in Steel, Energy, Infrastructure, Cement, Ventures and Sports. It has more than 40,000 employees.
More than 50,000 m3 of EFC has been used in the construction of the heavy duty aircraft pavements that form the taxiway, apron and turning node areas as well as other civil and building works throughout the Brisbane West Wellcamp Airport precinct.