Cement News tagged under: ACC Ltd
Ambuja Cement and ACC renew Master Supply Agreement19 February 2021, Published under Cement NewsThe Board of Directors of ACC and Ambuja Cement (LafargeHolcim group) have renewed their existing Master Supply Agreement for three years. In 2018 both companies entered into agreement for supply of cement, clinker and other raw materials such as fuels, fly ash, slag and gypsum besides spare parts used in the factories. As per the pricing formula, both the companies will offer five per cent discount for cement supply to each other on their average net selling price. ACC has a... |
ACC Ltd starts brownfield expansion of Sindri cement plant06 January 2021, Published under Cement NewsACC Ltd (LafargeHolcim group) has started its new Sindri cement plant in Jharkhand, India. The new facility will add 1.4 Mta of cement capacity to its existing 3Mta unit at this site. The foundation stone of Sindri grinding unit Phase 2 was laid in December 2019 with the aim to contribute significantly to servicing the growing market, strengthen presence in the eastern region and add value to the business. The facility will manufacture low-CO 2 and environment-friendly cement ... |
ACC Ltd's net sales rise 6%08 July 2020, Published under Cement NewsACC Ltd (LafargeHolcim) held its 84th AGM on 6 July via video conference and reporting its net sales in 2019 increased by six per cent to INR153.43bn (US$2.04bn) and its premium range of cement products delivered strong double-digit volume growth. ACC's ready-mix concrete business with a total of 90 plants continued to record strong growth of 12 per cent in volume terms and 13 per cent revenue growth over previous year. Focussed cost reduction initiatives resulted in operating EBITDA impro... |
Ambuja Cement and ACC fund NGOs to tackle COVID-1928 April 2020, Published under Cement NewsAmbuja Cements Ltd and ACC Ltd (LafargeHolcim group) have collectively contributed INR3.3m (US$0.43m) to three non-government organisations (NGOs) to support daily-wagers, migrant labour, slum-dwellers and the homeless stranded across the country on account of the lockdown. Ambuja Cement and ACC are supporting Goonj, an NGO renowned for being on the forefront of disaster relief with expertise in material management, as well as Praja Foundation and Mumbai Roti Bank, who are working exten... |
ACC and Ambuja Cement announce new MDs & CEOs25 February 2020, Published under Cement NewsACC (LafargeHolcim group) has appointed Sridhar Balakrishnan as its new managing director and chief executive officer for five years effective from 21 February 2020. Mr Balakrishnan will be taking over the position from Neeraj Akhoury, who has resigned with effect from close of business hours of 20 February 2020. Mr Akhoury will take over the role of MD and CEO of Ambuja Cements from 21 February 2020 but will continue as a non-executive member of ACC's board of directors. Meanwhile, Bimlen... |
ACC Ltd's cement sales rise to 28.37Mt in 201828 March 2019, Published under Cement NewsAt 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 mills08 November 2018, Published under Cement NewsACC 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 other13 March 2018, Published under Cement NewsACC 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 off27 October 2017, Published under Cement NewsThis 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 board18 October 2017, Published under Cement NewsACC 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. |