Cement News tagged under: ACC

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India’s return to stability

22 May 2019, Published under Cement News

While India’s cement consumption saw a strong double-digit advance in 2018, such rates are unlikely to be sustainable and expectations are that consumption growth will moderate to more stable levels in 2019. Gradual improvements in capacity utilisation rates and input costs are also on the cards, while the outlook for prices still remains unclear despite an upswing in some regions at the start of this year. The Indian market is expected to moderate to more stable levels of growth in 2...

ACC shows 38% growth in profit for the 1Q19

26 April 2019, Published under Cement News

India's ACC (LafargeHolcim group) has reported a 38 per cent YoY increase in profit after tax to INR3.46bn (US$49.51m) in the 1Q19, compared with INR2.5bn of the year-ago period. Total income advanced 11 per cent in the first quarter to INR40.76bn from INR36.72bn. Net sales also rose by eight per cent to INR38.50bn against INR35.57bn in the 1Q18. The company's cement segment was up 5.6 per cent YoY in sales volume during Jan-Mar 2019, reaching 7.5Mt from 7.1Mt. Revenue from the sector clim...

LafargeHolcim

04 March 2019, Published under Cement News

LafargeHolcim’s Indian subsidiary ACC Ltd reported an 8.5 per cent rise in cement deliveries in 2018 to 28.4Mt and in the fourth quarter the advance was 8.7 per cent to 7.5Mt. Cement capacity increased by 5.9Mta thanks to a new greenfield operation in Madhya Pradesh and a new grinding plant in Uttar Pradesh as well as expansions to the plants in Tikaria and Sindri. Ready-mixed concrete deliveries improved by 16.6 per cent to 3.16Mt in the year, helped by the commissioning of 18 new plants du...

ACC sees 8% rise in cement deliveries in 2018

06 February 2019, Published under Cement News

The Indian LafargeHolcim subsidiary ACC Ltd has reported an 8.4 per cent increase in cement deliveries for 2018 to 28.44Mt, while in the fourth quarter the advance was of a similar magnitude to 7.5Mt. The turnover advanced by 12.1 per cent to INR144.77bn (EUR1774m) while EBITDA were up by 10.8 per cent to INR29.12bn (EUR260m) but the pretax profit rose by 20.6 per cent to INR15.8bn (EUR194m) and thanks to writing back tax provisions relating to earlier years of INR5.01bn, the net profit shot...

ACC announces new solar project for Egyptian plant

17 January 2019, Published under Cement News

Arabian Cement Co (ACC), in collaboration with Solarize Egypt, has announced a new solar energy project at its Suez plant. The EGP90m (US$5.02m) plans will be financed through the Qatar National Bank, while the European Bank for Reconstruction and Development will provide a grant and technical support. According to Sergio Alcantarilla, CEO of ACC, the project will enter operation in the 2Q19. The plant will be the only one in the country to use solar energy as part of its energy mix. "Ou...

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...