Cement News tagged under: ACC
Jefferies starts India cement coverage24 February 2012, Published under Cement NewsJefferies has initiated coverage on the Indian cement industry with a buy rating on ACC, Grasim Industries, India Cements, UltraTech Cement, and hold rating on Ambuja Cements. "We believe India Cements has the highest earnings upside from both volume and price surprises.... Among the large caps, Ultratech looks the best positioned without a significant exposure to south," said Jefferies in a report on Thursday. The house says that it expects the next few years to be good for the cement... |
ACC and Ambuja optimistic on year ahead10 February 2012, Published under Cement NewsHolcim’s Indian interests, ACC and Ambuja Cements both have an optimistic outlook for domestic cement demand this year, the Wall Street Journal reports. ACC said though economic growth during the current fiscal year hasn’t been robust, it has seen some positive signs in the last few months. “In the near term, we expect economic development will accelerate as India plans to invest about US$1trn (INR49.3trn today) in infrastructure in the 12th Five-Year Plan period,” the company said. “This ... |
ACC reports 8.8% rise in January dispatches02 February 2012, Published under Cement NewsIndia’s No 2 producer, ACC Ltd, reported that dispatches in January increased by 8.78 per cent from a year earlier to 2.23Mt. The company, part of the Holcim group, said production during the month increased 9.2 per cent to 2.25Mt from 2.06Mt a year earlier. |
UPCL to set up cement blending unit, India01 February 2012, Published under Cement NewsUdupi Power Corporation Limited (UPCL) plans to establish a cement blending unit at its plant in Udupi district to overcome fly ash problem leading to environmental threat in the agricultural fields and houses in the surrounding areas. United News of India reports that the fly ash generated from UPCL was being transported to ACC for producing blended cement. However, a new, separate cement blending unit will be established in the vicinity of UPCL's power plant, J Krishna Palemar, Minister... |
Fitch affirms ACC rating, India26 January 2012, Published under Cement NewsFitch 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-cycle06 December 2011, Published under Cement NewsThese 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 project06 December 2011, Published under Cement NewsAt 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... |