Cement News tagged under: ACC

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Indian cement producers to appeal CCI fines

02 September 2016, Published under Cement News

LafargeHolcim, India Cements and Ramco Cements have said that they will appeal against yesterday’s ruling by the Competition Commission of India (CCI) which levied fines totalling INR67bn (US$1bn) against 11 firms, the Press Trust of India reports. Four of the other affected companies – UltraTech, Shree Cement, Jaiprakash Associates and JK Cement – have said they will seek legal advice and may subsequently submit appeals of their own. LafargeHolcim has said it believes it has a strong ...

Competition Commission of India imposes US$944m fine for cartelisation

01 September 2016, Published under Cement News

The Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of competition law. In addition, the Cement Manufacturers Association has been ordered to pay a INR7.3m fine. Of the 10 companies, four – Jaiprakash Associates, UltraTech, Ambuja Cements and ACC – will bear the brunt of the penalties, accounting for 76 per cent of the total fine. The other firms fined today are Lafarge, Cent...

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: reason for optimism?

17 August 2016, Published under Cement News

The first quarter of 2016 provided some basis for optimism for India’s cement producers as the sector reported double-digit expansion. However, in the months ahead, the monsoon season and the perennial overcapacity of the industry continue to haunt profitability. The amendment of The Mines and Minerals (Development and Regulation) Act is expected to facilitate M&A in the cement sector The first quarter of 2016 has seen India’s cement industry make a positive start to the year...

LafargeHolcim India head joins Executive Committee

09 August 2016, Published under Cement News

LafargeHolcim made the decision to induct Head of LafargeHolcim India, Martin Kreigner, into the Executive Committee of the group, giving him additional responsibilities in southeast Asia. Mr Kreigner will be based out of Mumbai. These recent changes to the executive committee reflect the group and its portfolio’s evolution following divestments and integration, LafargeHolcim said in in a statement. The restructuring of operations reveals the growing importance of Indian business. Lafa...

India: ACC labourers end protest at Wadi plant

08 August 2016, Published under Cement News

Labourers at ACC’s Wadi plant have ended their dharma (non-violent sit-in protest) following assurances from the company that their concerns and grievances will be addressed. Chandrasekhar Hiremath, president of Shramajeevigala Vedike (civil rights association), alleged at a meeting attended by ACC HR General Manager, Mr Jayaprakash, that the company ‘harassed’ the labourers and paid them wages in the range of INR200-250 (US$2.99-3.74), which is significantly lower that a daily wage of IN...

LafargeHolcim

02 August 2016, Published under Cement News

LafargeHolcim has agreed to sell Lafarge India to the Indian conglomerate Nirma Ltd for around US$1400m. It will be Nirma’s first investment in the cement sector and comes in spite of a marginally higher offer from a Chinese cement producer. The deal involves three cement works and two grinding centres with a combined capacity of some 11Mt and is also one of the largest ready-mixed concrete producers in India. The disposal of some cement operations were demanded by the competition authoritie...

India: Ambuja and ACC report profit rises for 2Q16

27 July 2016, Published under Cement News

LafargeHolcim’s Indian subsidiaries ACC and Ambuja Cements have both reported an increase in profits for the second quarter of 2016. In the three months to June, Ambuja Cements’ net sales were up only modestly, climbing 1.9 per cent to INR25.4bn (US$378m), but profits rose much faster. These reached INR4bn (US$59.4m), a rise of 76.5 per cent YoY. Ambuja’s increased profits were mainly driven by lower power and fuel costs. Over two-thirds of the higher profit margins can be traced to th...

LafargeHolcim receives go-ahead for Indian streamlining

21 July 2016, Published under Cement News

India’s Cabinet Committee on Economic Affairs has given its blessing to LafargeHolcim’s proposals to simplify the structure of its remaining operations in the country. The company is now awaiting the formal sign-off of the Foreign Investment Promotion Board, but this is expected shortly. Under the proposals, LafargeHolcim will increase its stake in Ambuja to 61.14 per cent, while Ambuja itself will take a 50.05 per cent stake in ACC. Thus, ACC will become a subsidiary of Ambuja, which its...

India: ACC's Jamul clinker plant starts up

21 July 2016, Published under Cement News

ACC, part of LafargeHolcim group, has started commercial production of its new 2.79Mta clinker plant at Jamul, Chhattisgarh, India. “We are pleased to announce commencement of commercial production from our new state-of-the-art 2.79Mta clinker facility at Jamul, located in Chhattisgarh with effect from 19 July,” the company said in a regulatory filing. Part of this integrated project, the two new cement grinding facilities, one each at Jamul and Sindri in Jharkhand, are expected to be c...