Cement News tagged under: ACC

RSS feed

ACC announces INR30bn expansion plans

12 December 2018, Published under Cement News

The board of India's ACC has approved a proposal for setting up an integrated greenfield project at Ametha, Madhya Pradesh, with a clinker capacity of 3Mta and cement of 1Mta. The plans also include the "expansion of the existing grinding unit in Tikaria, Uttar Pradesh and a third grinding unit also in Uttar Pradesh," said the company in a press release. The board has also approved a further 1.1Mta grinding project at its existing plant in Sindri. Meanwhile, the company will fund the expan...

ACC to restructure existing debt

05 December 2018, Published under Cement News

Egypt’s Arabian Cement Co plans to restructure its existing US$23m and EGP499.3m outstanding debts due to one of the country’s banks, through a syndicated loan from the European Bank for Reconstruction and Development (EBRD) and the Commercial International Bank of Egypt (CIB). The package will support the company’s long-term strategy to improve the energy efficiency and cost-effectiveness of its operations, according to a press release. As the new debt level is more comfortable, it is exp...

Mission accomplished

28 November 2018, Published under Cement News

Last year saw the successful completion of ACC’s new 9000tpd clinker line at its Jamul works in India, expanding capacity at the plant by 3Mta. With stringent design criteria and timelines, main supplier KHD details its successful project journey with a particular focus on performance results from the raw material grinding and pyroprocessing sections. By Vaibhav Dixit, ACC-Jamul Cement Work, India & Ashok Kumar Dembla, Deepti Varshney & Prakash Patil, Humboldt Wedag India Pvt Ltd, India. ...

Waste from Tirupur to fuel Coimbatore cement plant

28 November 2018, Published under Cement News

The non-biodegradable waste generated in Tirupur, India, will be delivered to a cement plant on the outskirts of Coimbatore, following the signing of a letter of intent by Tirupur’s city corporation with ACC. Around 30tpd of non-biodegradable waste will be supplied to ACC’s cement plant in Madukarai as an alternative to firewood. However, as waste segregation at micro-level has been poor, the corporation is planning to increase awareness among residents and commercial outfits to segregat...

ACC reports a 10% rise in net sales

18 October 2018, Published under Cement News

India’s ACC has reported a 15 per cent YoY increase in consolidated profit-after-tax to INR2.4bn (US$32.6m) for the 3Q18 ended 30 September. Net sales rose 10 per cent to INR33.64bn, compared with INR30.54bn seen in the year-ago period. Operating EBITDA was up seven per cent YoY to INR4.44bn from INR4.16bn. Furthermore, the cement sector showed volume growth of 10 per cent. "Demand drivers including growth in affordable and rural housing segments as well as infrastructure projects will rema...

ACC announces 11% YoY revenue increase in 2Q18

24 July 2018, Published under Cement News

India’s ACC Ltd has announced an 11 per cent YoY rise in revenue to INR38.48bn (US$557.85m) in the 2Q18, while EBITDA advanced 10 per cent to INR5.4bn. Profit remained largely flat, however, showing growth of one per cent to INR3.26bn. Cement volumes increased 7.4 per cent to 7.2Mt in the period, with a positive outlook for demand forecast for the rest of 2018.  "The economic upswing in 2018 supported by buoyant consumption, a normal monsoon and uptick in rural demand is expected to bene...

ACC expects Indian demand to increase by 7% in 2018

18 June 2018, Published under Cement News

India’s ACC expects the country’s cement demands to grow by seven per cent this year, assisted by infrastructure projects and the continued focus on rural development and affordable housing schemes. However, intense competition and insufficient consumption will lead to excess capacity, according to the producer. "The cement industry had a growth of six per cent in 2017 as against 5.1 per cent in the previous year. Around 66 per cent of its demand came from the housing sector, followed ...

ACC announces 19% net profit increase in 1Q18

20 April 2018, Published under Cement News

India's ACC has announced a 19 per cent YoY increase in net profit to INR2.5bn (US$38m) for the 1Q18. The company has attributed this positive performance to increased volumes and net sales, despite rising costs, according to The Economic Times. EBITDA rose 18 per cent to INR4.92bn, while net sales surged 14 per cent to INR35.57bn.  "A rise in energy slag prices adversely impacted operating costs during the current quarter as compared to the same quarter a year ago," said the company in a...

BJP government to conduct vigilance probe into land transfer

09 March 2018, Published under Cement News

The Bharatiya Janata Party (BJP) government in Haryana, India, has decided to conduct a vigilance probe into the transfer of approximately 122 acres of land from Associated Cement Companies’ (ACC) Bhupendra factory to a Mumbai-based builder, reports The Times of India.   Latika Sharma, MLA, Kalka (BJP), has stated that, as per the lease deed of the factory, the land could only be used for industrial purposes, but during the tenure of the previous government it was transferred to a builder...

ACC and Ambuja place merger on hold

27 February 2018, Published under Cement News

ACC Ltd and Ambuja Cements Ltd have placed their proposed merger on hold due to constraints related to the transfer of mines under current laws, reports the Hindustan Times.  "The current regime on transfer of mineral concessions is still evolving and does not provide for a merger currently," said a spokesperson for ACC. "Given the challenges of achieving such transfers across 18-20 states, it was found prudent not to pursue the same at this point of time." The merger has been under re...