ACC buoyant about eastern region

ACC buoyant about eastern region
Published: 30 June 2005

Associated Cement Companies (ACC) is looking at acquisitions to expand its presence in the eastern region with the entry of Holcim as promoter-shareholder. It will work closely with Ambuja Cement Eastern Ltd (ACEL), in which the Holcim-controlled Ambuja Cement India holds a 95 per cent share. Holcim is expected to merge ACC with ACEL, which will increase its shareholding in the merged entity to about 50 percent even as it will make it easier to integrate the Indian operations with Holcim’s global activities.