ACC: demand for cement strong
India’s single-largest cement maker by capacity, Thursday said local demand for cement is strong and the company’s expansion plans are on track.
However, "demand generally comes under pressure with the onset of the monsoons," Managing Director Sumit Banerjee told reporters on the sidelines of an industry event.
Cement demand in the country generally slips with the onset of monsoon season, when construction work generally slows down. Monsoon season in India runs from June to September.
Banerjee also said the company’s expansion plans are on track.
ACC plans capital expenditure of INR16 billion in 2009 and INR13 billion in 2010.
Banerjee said the company expects a 500,000 ton expansion in the Orissa plant by July, with the Karnataka plant expansion likely to be completed by December.
Published under Cement News
