Cement News tagged under: ACC

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Fitch affirms ACC rating, India

26 January 2012, Published under Cement News

Fitch Ratings has affirmed India-based ACC’s National Long-Term rating at 'Fitch AAA(ind)'. The outlook is Stable. The affirmation reflects ACC's pan-India presence with around 10% market share in 2010 and a relatively stronger credit profile compared with other cement manufacturers. The ratings factor in support from the parent - Holcim ('BBB'/Stable) - and the strong integration between Holcim and ACC, given the parent's majority ownership in ACC and management control. The ratings are a...

India: caught in a down-cycle

06 December 2011, Published under Cement News

These are important times for the Indian cement sector as the country’s cement producers see cement sales dip and energy costs squeeze margins. New capacity projects are being delayed as the oversupply situation becomes more apparent and under the current circumstances the industry may have to wait longer than anticipated for a much needed upturn. An overview of key developments in the Indian cement sector ahead of the NCB’s 12th International Seminar on Cement and Building Materia...

ACC’s mega kiln line project

06 December 2011, Published under Cement News

At 12,500tpd, ACC’s new cement kiln at Wadi is the world’s largest and is the result of a tremendous effort by hundreds of people to achieve a common goal. Anoopkumar Saxena and R Nand Kumar of ACC Ltd, look back at the project execution, the challenges the company had to overcome and the parallel task of building two new satellite grinding plants. Commercial production at ACC Ltd’s Wadi II plant, situated in India’s southern state of Karnataka, commenced on 1 May 2011. This integrat...