Cement News tagged under: ACC

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India: ACC reports 10% fall in cement deliveries in 3Q16

31 October 2016, Published under Cement News

The Indian LafargeHolcim subsidiary ACC Ltd reported a 0.5 per cent reduction in cement deliveries for the first nine months of the year to 17.54Mt, while in the third quarter the reduction was a more notable 9.6 per cent to 5.07Mt.  The turnover declined by 3.6 per cent to INR82.74bn (EUR1133.50m) while EBITDA came off by 7.4 per cent to INR11.65bn (EUR159.58m), but the pretax profit rose by 18.6 per cent to INR75.84bn (EUR103.9m). The new 2.79Mt clinker plant  and the 1.1Mta grinding...

India: ACC commissions Sindri grinding unit

24 October 2016, Published under Cement News

ACC Ltd's 1.35Mta Sindri cement grinding unit in Jharkhand, which is a part of the Jamul Integrated project, has also been commissioned and commercial production has commenced with effect from 22 October 2016. The company's two cement grinding units in Jamul and at Sindri, totalling 2.45Mta, will help strengthen the company's market presence in the eastern region.

India prepares for the upturn

03 October 2016, Published under Cement News

After a strong first quarter, India’s cement demand experienced a setback in April and May. However, monsoon preparations helped the market recover in the following month and the outlook following a good monsoon is positive. Share prices of all Indian cement majors are hitting an all-time high on the stock exchanges, including Mumbai (pictured) as demand for cement looks set to grow by 6-7 per cent in 2016 [Copyright: Big Rolo Images] Following strong growth in the Jan-Mar...

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...