Cement News tagged under: ACC

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ACC reports 52 per cent rise in 2QFY13 net profit

19 October 2012, Published under Cement News

ACC Ltd reported the growth of 52 per cent in its consolidated net profit for the second quarter of FY12-13 and expects its sales volume to increase in the next quarter as the monsoon season has ended. Net profit during the July-September period was INR2.42bn rupees (US$45m) against INR1.59bn a year ago. Net sales rose 12 per cent to INR25.56bn during July-September 2012 period but sales volume declined five per cent to 5.4Mt. The steep increase announced in the price of diesel during ...

ACC September cement production up 9%, India

02 October 2012, Published under Cement News

ACC Ltd, part of the Holcim Group, reported that its production in September rose by nine per cent to 1.82Mt from  1.67Mt in the same month of 2011. Dispatches reached 1.80Mt, compared with 1.73Mt, an increase of four per cent. For the first nine months of this calendar year, cement production stood at 18.28Mt compared with 17.76Mt in the corresponding period last year, an increase of three per cent. Meanwhile, cement dispatches were 18.22Mt, up by two per cent from 17.79Mt in January-Septe...

Holcim’s Indian interests report August declines

05 September 2012, Published under Cement News

Holcim’s Indian group companies, ACC and Ambuja Cements, have reported marginal declines in cement production and dispatches for August 2012. ACC, India’s second largest cement producer, posted a decline of 6.9 per cent in cement production as well as cement dispatches to 1.75Mt last month, compared to 1.88Mt in August 2011. Total cement production between January-August 2012 saw growth of 2.4 per cent to 16.47Mt, against 16.09Mt in the same period of last year. Dispatches for the eigh...

ACC sees Indian demand rising 10 per cent YoY, India

16 August 2012, Published under Cement News

Indian cement major ACC has said cement demand may grow at a healthy rate of 10 per cent in 2012 but subdued capacity utilisation and higher raw material costs will keep prices under pressure. "The demand for cement is expected to grow at 10 per cent over 2011. A lower utilisation rate coupled with increase in cost of raw materials and increasing logistics costs are likely to keep overall prices under pressure in all regions," it said in its annual report. "Pressure on costs will continu...

Life Insurance Corp trims stake in ACC, India

15 August 2012, Published under Cement News

State-run Life Insurance Corporation (LIC) has sold 2.68 per cent stake in cement maker ACC  for INR187.75 crore through open market operations. LIC had 10.51% stake (or 18.77 crore shares in ACC) prior to the transactions that took place between November 2011 and August 2012, both at the Bombay Stock Exchange as well as the National Stock Exchange, the cement firm said in a regulatory filing today. Following the transactions, LIC's shareholding in ACC, in which Swiss major Holcim holds a ...

ACC reports 26 per cent net profit rise

27 July 2012, Published under Cement News

ACC of India reported a rise of 26.33% in consolidated net profit to INR4.15bn for the quarter ended June 30, 2012 as compared to INR3.28bn in the same period last year. Total consolidated income for the company, which is 50.3 per cent owned by Holcim, increased by 15.13% to INR29.59bn for the quarter ended June 30, 2012 from INR21.90bn in the year ago period. Net sales rose 14.95% to INR29.19b  for the quarter compared to INR25.39bn in the same period last year.

India first quarter market expectations

20 July 2012, Published under Cement News

Indian cement companies are expected to post higher net profits and sales in the first quarter of the current fiscal (April-June FY13) thanks to improved prices and higher demand. However, gains in profits for most cement companies will be impacted by rising costs owing to higher railway-freight charges. Besides, rupee depreciation will increase the cost of imported coal, a key raw material and fuel for the industry, according to brokerage Kotak Securities. Market expectations for...

ACC seen posting 12 per cent rise in 1QFY13 net profit

19 July 2012, Published under Cement News

ACC is likely to post a 12 per cent YoY rise in net profit at INR3.78bn for the first quarter of the current fiscal (FY12-13), according to the average of 22 brokerages' estimates, Moneywire reports. India’s second-largest producer, in which Holcim holds a 50.3 per cent stake, is expected to post a 13 per cent rise in net sales for the quarter at INR27.25bn. On a QoQ basis, net sales are seen declining five per cent. However, net profit Apr-June is not strictly comparable with the previou...

Holcim: June '12

06 July 2012, Published under Cement News

Holcim's two main Indian subsidiaries, Ambuja Cements and ACC Limited, have been fined at total of approximately EUR325m, or INR2301 crores, by the Honourable Competition Commission of India. This represents some 36 per cent of the total INR6304 crores (EUR891m) levied on eleven leading Indian cement producers. The fines have been based on the profits generated in 2009/10 and in 2010/11 and the biggest fines were imposed Holcim and UltraTech, while Lafarge and a further six domestically con...

Holcim Indian cement interests see modest YoY gains

03 July 2012, Published under Cement News

Holcim’s Indian cement companies, ACC and Ambuja Cements have reported modest rises in June shipments and production in June. ACC said shipments in June reached 1.96Mt, up 2.6 per cent from the 1.91Mt a year ago but lower than the 2.05Mt recorded in May. Cement production during June rose 4.23 per cent to 1.97Mt from 1.89Mt a year ago but fell from 2.02Mt in May. During Jan-June, ACC dispatched 12.79Mt of cement compared to 12.18Mt in the corresponding period a year ago. Production dur...