Cement News tagged under: ACC Ltd

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Margins squeezed for Indian cement producers

12 August 2022, Published under Cement News

India remains one the fastest-growing economies at 7.4 per cent GDP growth in 2022, according to the IMF. Cement demand has also risen and is forecast to rise by 7-8 per cent in the FY22-23 to around 388Mt, says ICRA Corporate Ratings. This would seem positive for investment in the Indian cement sector, but cement producers have been announcing tighter margins, and raw material and energy costs are expected to further impact margins going forward. Reporting on operating margins for ceme...

ACC Ltd releases ACC Gold Water Shield

08 June 2022, Published under Cement News

ACC Ltd  ( Holcim Group ) has developed ACC Gold Water Shield, which is the country’s first specially-formulated cement with high-quality water-repelling properties. The product ensures that structures made with it are durable and protected from dampness or seepage. ACC Gold Water Shield is specially formulated cement with high-quality water-repellent properties. With water repellence engineered at a particle level, it reduces the capillary action thus shielding homes from dampness and see...

What to make of Holcim's Indian exit?

20 May 2022, Published under Cement News

Holcim Group agreed to sell its Indian cement businesses this week for US$10.5bn in cash to the Adani Group. ICR reports on the deal and what this means for the Indian cement sector and Holcim going forward. The Adani Group is a coal, power, ports and renewable energy conglomerate that had only a small footprint (Adani Enterprises Ltd) in the cement sector before its interest in Holcim companies, ACC Ltd and Ambuja Cements. The latest acquisition will make Adani the second-largest player ...

Aditya Birla Group will consider buying Holcim's Indian assets

26 April 2022, Published under Cement News

Kumar Mangalam Birla, chairperson of Aditya Birla, is reportedly looking at ways to make a bid for ACC Ltd and Ambuja Cements that Holcim intends to divest, according to The Economic Times. UltraTech Cement ( Aditya Birla Group ) may look to expand its leading position in the market as any producer that picks up the Holcim assets in India will automatically become a contender to UltraTech Cement , as Holcim is the second-largest player in the Indian cement sector. However, analysts bel...

JSW Group in discussions to raise funds to bid for Holcim's Indian operations

22 April 2022, Published under Cement News

Sajjan Jindal-led JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim ’s Indian cement operations, said people aware of the matter.   Holcim Group is reputedly looking to exit India 17 years after its entry, putting its twin listed arms of Ambuja Cements  and ACC Ltd up for sale as part of a global strategy to focus on core markets.   JSW, one of the strong contenders for the acquisition, is busy organising b...

Holcim reported to be looking for potential buyers of ACC Ltd

19 April 2022, Published under Cement News

Bloomberg has reported on Holcim proposing to dispose of Ambuja Cements Ltd. Holcim owns ACC Ltd and Ambuja Cements in India. With approximately 64Mta of cement capacity it is second-largest producer behind UltraTech Cement in the country. The Swiss conglomerate is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels, according the Economic Times. Deliberations are in the early stages and may not lead to a transaction, ...

Aumund refurbish world's tallest bucket elevator

12 April 2022, Published under Cement News

ACC Cement Ltd ( Holcim Group ) has commissioned the refurbishment of the world's tallest belt bucket elevator, which is 175.3m high. The elevator supplied by Aumund Engineering Pvt Ltd, Chennai, India, is installed at Wadi cement plant , one of the largest and most modern cement plants in India, for raw meal preheater transport at a continuous rate of 600tph.   While the bucket elevator at Wadi Cement, Karnataka state, remained in service, a detailed inspection revealed complete overh...

Ambuja Cements and ACC commission second phase of Bubble Barrier project

04 March 2022, Published under Cement News

Ambuja Cements and ACC Ltd ( Holcim Group ), through its in-house waste management arm, Geocycle, continues to remove plastic waste by commissioning its second phase of bubble barrier technology in Bhakra Beas Management Board (BBMB) Lake located in Sunder Nagar, Himachal Pradesh, India.   Bubble Barrier is a smart and non-invasive technology that is used to remove plastic from the water bodies, reducing the problem of marine plastic pollution. The project will remove approximately...

ACC Ltd commissions new grinding capacity in Tikaria

16 February 2022, Published under Cement News

ACC Ltd has commissioned 1.6Mta grinding capacity in Tikaria , Uttar Pradesh, India. The project has expanded cement capacity at the Tikaria plant to 3.91Mta. “As announced earlier, the company is progressing well to increase its capacity, ie, 2.7Mt of clinker and 4.8Mt of cement by 2024,” said ACC MD and CEO, Sridhar Balakrishnan.

MaxTech Industries wins orders for Indian cement plants

30 November 2021, Published under Cement News

MaxTech Industries has won orders to supply filters for baghouse projects from UltraTech Cement and ACC Ltd in India. UltraTech Cement is building three new brownfield cement plants in Hirmi, Pali, and Dhar, India.  MaxTech Industries will be supplying more than 15,000 Donaldson USA fibreglass filter bags for the raw mill baghouse to the OEM, Intensiv-Filter Himenviro.  MaxTech Industries will also supply Thermax Ltd with more than 21,000 Homopolymer acrylic filter bags manufactured b...