The two Holcim-controlled Indian companies ACC and Ambuja Cements produced their 2009 results in early February. ACC increased its turnover by 10.2% to Rs. crore 8,479.55 (€1,350.9m) and the pre-tax profit advanced by 38.5% to Rs. crore 2,250.70 (€358.6m) with cement deliveries moving ahead by 2.4% to 21.52m tonnes. ACC now has an annual capacity of some 26m tonnes, with the completion of the new 3.0m tonnes per annum clinker line at Chanda and the additional expansion at Wadi, should reach 30m tonnes later this year.
Ambuja Cements raised its turnover by 13.8% to Rs. crore 7,077 (€1,127.7m) as the EBITDA advanced by 8.1% to Rs. crore 1,972 (€314.27m) and the running pre-tax profit improved by 8.5% to Rs. crore 1,803 (€293.0m). Total cement shipments rose by 6.0% to 18.8m tonnes, with domestic deliveries advancing by 7.7% to 18.0m tonnes while exports were down by 9.4% to 0.75m tonnes. As the plants commissioned last year reach full capacity, Ambuja Cements will have an annual capacity of 25m tonnes, which should increase to 27m tonnes by the end of this year as additional new capacity is brought on stream. Since the year-end, Ambuja Cements has raised Rs. crore 193 (€30.8m) from the sale of its investment in ING Vysya Life Insurance Co.
The publicly quoted Holcim Indonesia, which is 77.3% owned by Holcim and the third largest Indonesian cement producer, increased its turnover by 11.3% in 2009 5to 5,943.9 milliard rupiah (€471.5m) and the pre-tax profit more than quadrupled to 1,297.0 milliard rupiah (€102.9m).
Garadagh Cement, 69.6% owned by Holcim and the major cement producer in Azerbaijan, increased its share of the domestic market from 35% to 40% last year, as national cement consumption declined by 18.9% to 3.2m tonnes. Garadagh Cement's shipments were only 7.7% lower at 1.2m tonnes. Prices came under pressure from rising import originating from Turkey and Russia.