Cement News tagged under: ACC

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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...

Saudi Arabia: new power plant for ACC

08 June 2016, Published under Cement News

Arabian Cement Company (ACC), Saudi Arabia, has awarded MAN Diesel & Turbo a contract to build a 40MW power plant. The plant will be equipped with two 18V48/60 TS engines and will provide power to a cement factory in Rabigh, on the Red Sea coast. The new power plant will be operated by heavy fuel oil and diesel oil. Construction of the first phase of the plant is scheduled for 2016-17. With the completion of two additional phases, including the installation of a further four engines, t...

India: Cement stocks rise as demand recovers

14 April 2016, Published under Cement News

Indian cement manufacturers are set to continue the strong performance which has seen their stocks outperform the BSE Sensex by a factor of ten over the past month. In this period, the Economic Times reports, India Cements’ shares are up 23 per cent, ACC is up 18 per cent, JK Cement and JK Lakshmi Cement are up 16 per cent, Ramco Cements is up 14 per cent and Ambuja Cements is up 12 per cent. The market as a whole, as tracked by the Bombay Stock Exchange’s Sensex index, is up just 1.2 per...