Cement News tagged under: ACC Ltd

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ACC Ltd's cement sales rise to 28.37Mt in 2018

28 March 2019, Published under Cement News

At ACC Ltd's (LafargeHolcim group) 83rd Annual General Meeting, Neeraj Akhoury, managing director and CEO, said the company's cement sales had increased eight per cent to 28.37Mt in 2018. Mr Akhoury added that despite facing multiple rising costs of coal, fuel, petcoke and diesel the company registered robust revenue and volume growth across all four quarters of 2018. Cement sales rose by over 2Mt on 2017 and the premium product range grew by 36 per cent. ACC Ltd's consolidated EBITDA gr...

ACC adopts solar power for Kudithini and Thondebhavi grinding mills

08 November 2018, Published under Cement News

ACC Ltd (LafargeHolcim group) has adopted the use of solar power in the cement manufacturing process at its grinding units in Kudithini and Thondebhavi in Karnataka. The intent is to use about 30MW of solar power at these plants, which will meet over half its annual power requirement – an estimated 45m units of solar power annually. Switching to solar power will reduce CO 2 emissions by 38,000t every year, the equivalent of planting 45,000 trees yearly. An assessment conducted by the Solar...

ACC and Ambuja to supply discounted cement to each other

13 March 2018, Published under Cement News

ACC Ltd and Ambuja Cements have agreed to supply cement to each other at a discount, according to Bloomberg. The agreement also covers the supply of clinker, fuel, fly ash, slag and gypsum. According to the pricing formula, either company would receive a five per cent discount on the average net selling price. Cement prices in India Cement prices have fallen across India in March, according to the Kotak Institutional Equities’ dealer survey. Prices have decreased by INR9/bag (US$0.14/bag...

Ambuja Cement's strategy pays off

27 October 2017, Published under Cement News

This week the 3Q17 results have been flooding in for Indian cement manufacturers with Lafarge-Holcim-owned ACC and Ambuja Cement reporting their results and seeing net profits rise to nearly double-digits in the latter's case. "Ambuja Cement has delivered a strong set of results. We have focussed on building brand equity, and providing value to our customers through differentiated offerings for individual home builders, building and infrastructure segments," said Ajay Kapur, managing dire...

ACC appoint Mr Jenisch as new director to the board

18 October 2017, Published under Cement News

ACC Ltd  has appointed Mr Jan Jenisch as an Additional Director to the Board as a Non-Executive, Non-Independent Director from 17 October 2017. Mr Jenisch was born in Germany and joined LafargeHoclim as CEO on 1 Septeber 2017. Mr Jenish was also elected as Deputy Chairman of ACC Ltd.

Himachal cement companies shelve price hike plans

13 October 2017, Published under Cement News

An intervention by Chief Minister Virbhadra Singh has forced two subsidiaries of LafargeHolcim with cement plants in Himachal Pradesh to reduce their prices by INR5 per bag in the state. Ambuja and ACC have agreed in principle to reduce the price with immediate effect, a government spokesperson said. The cement price was enhanced from INR360/bag (US$5.54) by the companies on Tuesday. UltraTech Cement Ltd, which took over Jaypee Cement, was also directed not to enhance the rate, an official...

ACC Ltd launches Chandrapur Green Building Centre

22 September 2017, Published under Cement News

In line ACC Ltd's commitment to the concept of sustainable construction and a greener environment in India, the cement producer has launched its Green Building Centre in Chandrapur, Maharashtra. The centre was inaugurated by Gopika Tiwari, cluster head – West & Central India, and Amit Mathur, director – Sales West. Danish Rashid, head – Green Buildings Business; Anish Kundel, sales head – Nagpur and Mueen Khan, regional customer service head – West were also present. The Green Building C...

India: five cement producers to appeal the CCI order

06 February 2017, Published under Cement News

Five of the seven cement companies which were fined by the Competition Commission of India (CCI) in January, for alleged bid rigging of a 2012 tender put out by the Haryana government, will appeal to the Competition Appellate Tribunal. Shree Cement, JK Cement, Ambuja Cements, ACC Ltd and JK Lakshmi Cement will contest the CCI order as they are of the view that they have a ‘good case for succeeding in the appeal.’ Other companies such as UltraTech Cement and Jaiprakash Associates are curren...

From coal to petcoke grinding

24 August 2016, Published under Cement News

When ACC decided to replace coal with petcoke as the main fuel for its kilns at the Gagal works, the vertical E-mills required a high power input as they ran for extended periods. To reduce grinding time and hence save power expenditure, the cement producer called upon Walchandnagar Industries Ltd to design, engineer, manufacture, supply and install a vertical roller mill for petcoke grinding. By L N Kshirsagar, Walchandnagar Industries Ltd and Rajeev Shrivastava, ACC Ltd, India. Walc...

India: ACC Ltd to raise capacity to over 33Mta

14 April 2016, Published under Cement News

ACC Ltd will spend about INR6000 (US$89.9m) in 2016-17 to complete its cement capacity expansion plans. ACC is building two cement units at Jamul and Sindri with a combined capacity of 2.4Mta. Following completion, the plants are expected to take the company's total capacity to 33.42Mta. "The planned capital expenditure for 2016 is about INR6000 to be used to complete the expansion plans at Jamul (in Chattisgarh) and Sindri (in Jharkhand)," Harish Badami, chief executive officer and mana...