Cement News tagged under: ACC

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LafargeHolcim

01 November 2017, Published under Cement News

The Indian LafargeHolcim subsidiary Ambuja Cement sold 17.09Mt of cement during the first half of 2017, a YoY increase of six per cent with the third quarter showing an 11.6 per cent rise to 5.02Mt. The turnover advanced by 10.1 per cent to INR76.29bn, but EBITDA were only 3.1 per cent ahead at INR14bn. Net profit showed a 21 per cent rise to INR9.11bn. Including ACC, the cement volume was ahead by 8.1 per cent to 36.38Mt, while the turnover was ahead by 13.6 per cent to INR170.95bn and EBIT...

ACC 3Q17 sales volume rises 18%

18 October 2017, Published under Cement News

ACC delivered sales volume growth of 18 per cent in the 3Q17 (July-September 2017) compared to five per cent in 3Q16. Sales volume reached 19.29Mt for the first nine months of 2017. The stabilisation of Jamul and Sindri cement plant capacities have contributed to this growth. Premium product sales rose by 18 per cent YoY. "ACC's results demonstrate our capacity to respond quickly and resolutely to changing market dynamics and execute strategies with focus and determination. Our approach...

ACC updates on sustainable development achievements

23 June 2017, Published under Cement News

ACC Ltd of India, part of the LafargeHolcim group, yesterday released its 2016 Sustainability Report where its emissions show a reduction of 30 per cent from the 1990 baseline. Among the highlights from the report, during the year ACC commissioned Hybrid Electrostatic Precipitators (ESP) at its Jamul plant and and upgraded its coal mill bag house and cooler ESP at the Gagal plant. The new Zero Liquid Discharge (ZLD) system at the Wadi and Chanda, and sewage water treatment plants at Lakher...

ACC considers Telangana plant construction

23 May 2017, Published under Cement News

ACC Ltd is considering setting up a cement plant in the southern Indian state of Telangana, a senior official from the LafargeHolcim company told local press. Speaking to reporters from the Telangana Today, Philip Mathew, chief manufacturing officer of ACC, said: “We have recently set up one plant in Chhattisgarh and the effort is stabilising it. We hope to set up a similar plant here." Mr Mathew added that the new plant would likely have a capacity of around 3Mta.

ACC to consider merger with Ambuja Cement

08 May 2017, Published under Cement News

The Board of Directors of ACC, at its meeting on Friday, decided to commence an evaluation of a potential merger with Ambuja Cement. Both Indian cement concerns are part of the LafargeHolcim group. The move is being considered "with a view to combine the strengths of both businesses so as to benefit all stakeholders," ACC said in a statement. A special committee of directors, of which the majority are independent directors, has been installed to commence the evaluation. "No decision ...

ACC 1Q sales volumes up 4%

24 April 2017, Published under Cement News

ACC, part of the LafargeHolcim group, reported a four per cent rise in sales volumes for the first quarter of 2017 to 6.6Mt from 6.36Mt a year earlier. The company noted that the rise in volumes came as the impact of the country’s demonetisation move declined and benefits were delivered from ACC’s ongoing customer excellence initiatives and higher sales from the expanded capacity at Jamul and Sindri plant. Two new products were launched in February 2017, ACC Suraksha and ACC HPC (High P...

Indian Railways to cut fees to win back cement business

13 April 2017, Published under Cement News

In response to cement producers shifting away from transporting their output by rail, Indian Railways has announced that it plans to reduces charges for firms that can guarantee that at least a specified volume of freight goes by rail, Mint reports. In January 2017 Indian Railways carried around 6Mt of cement, down 15 per cent YoY. Higher freight charges have been blamed for the decline, with producers shifting transport onto the roads as a result. To combat this, the Ministry of Railw...

India: ACC Cement announces capex plan of INR6bn for 2017

30 March 2017, Published under Cement News

ACC Cement have announced a capital expenditure plan of INR6bn (US$92.4m) for the coming financial year, CEO and Managing Director, Neeraj Akhoury, said at the company's annual general meeting. Mr Akhoury said the outlay will be used for various projects. The company reported a profit of INR6.04bn for the year ending 31 December 2016, up from INR5.87bn in 2015 and registering a growth in profit of 2.9 per cent. Revenue stood at INR11.27bn, down by 5.39 per cent since last year at INR11.91...

LafargeHolcim

02 March 2017, Published under Cement News

The Indian subsidiary ACC Ltd reported a 2.7 per cent reduction in cement deliveries for 2016 to 22.99Mt, while in the fourth quarter the reduction was 9.1 per cent to 5.45m, slightly less than the 9.6 per cent to 5.07Mt seen in the third quarter. Ready-mixed concrete deliveries, however, rose by 10.7 per cent to 2.59Mt. Volumes are expected to show increases during 2017.  The turnover declined by 4.3 per cent to INR109.46bn (EUR1.56bn/US$1.64bn) while  EBITDA came off by 7.5 per cent to ...

After the monsoons

01 March 2017, Published under Cement News

While the demonetisation of the Indian economy has seen cement sales significantly drop, the country’s cement producers are waiting for the positive medium-term effects of good monsoons to kickstart an acceleration in demand growth. Ambuja Cement saw a 6.6 per cent YoY drop in Jul-Sep sales in 2016 Uncertainty has once again eclipsed the growth of India’s 420Mta cement sector. Good monsoon rains with uniform spread across India in the July-September period have taken a toll on c...