Shree Digvijay Cement Company was started in 1949. A plant to manufacture asbestos cement pipes and a sheets plant was commissioned by it in November 1962, with Johns Manville Corporation, US, being the technical consultant and the sole selling agent in West Asian and African countries.
In 1994-95, the company approved a scheme of arrangement for transfer of four of its divisions viz.
1) Ahmedabad Cement Mill fibre products division, 2) Shreeram Silk division and Coir & Felt division and investment in shares in 3) Shree Synthetics and 4) Fort William Company to Gujarat Composites Cement Limited with effect from 1 July 1994.
In 1999-2000, the company was declared as a sick industrial company as per the reference made to the BIFR and has appointed ICICI as the operating agency. The company has completed a modernisation programme in 2000-2001 with close circuiting and installation of pre-grinding system for its cement mill.
Sources from Ahmedabad has revealed that the Gujarat Composites Cement Limited's asbestos plant has been closed from 20th September, 2011.
Mesothelioma is such an ill-fated sickness, and really could well have been preventable had we all recognized back then what we realize now. It actually is furthermore a waste that many persons get upset regarding the mesothelioma advertising campaigns on tv, but those impacted need to be paid for fairly IMO.
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