Cement News tagged under: ACC

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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...

ACC forecasts 6% demand growth in 2016

22 March 2016, Published under Cement News

India’s ACC predicts domestic cement demand to rise by six per cent in 2016 as spending on housing and infrastructure increases. The company’s clinker and grinding facilities in Jamul and Sindri are nearing completion, with commissioning expected in April-June.

ACC full-year volumes impacted by mine closure, slow economic start to year

15 February 2016, Published under Cement News

ACC Ltd, part of the LafargeHolcim group, reported a 2.4 per cent decline in 2015 sales volumes to 23.62Mt due to the temporary closure of mines serving its Chaibasa and Bargarh plants in eastern India, and the generally slow pace of the economy earlier in the year. Cement volumes during the final quarter of the year witnessed a turnaround, improving by four per cent YoY to 6Mt. The company’s focus on cost management helped contain overall production costs, despite a contribution to th...

ACC sees subdued July-Sept volumes and pricing

21 October 2015, Published under Cement News

LafargeHolcim Indian subsidiary ACC reported flat volumes and subdued selling prices for the July-September 2015 quarter as construction activity and cement demand remained weak during monsoon season. Turnover during the period stood at INR2740 crore, virtually flat from the same period of last year. Operating EBITDA fell to INR313.20 crore versus INR379.08 crores in July-Sept 2014. While sales remained flat, there was a reduction in energy costs. During the quarter, a provision was also m...

ACC quarterly profit down 45% on subdued demand, India

20 July 2015, Published under Cement News

Indian cement major ACC Ltd reported a 45.1 per cent drop in consolidated net profit for the second quarter of the calendar year to INR133.5 crore on the back of challenging market conditions and subdued demand. Consolidated total income of the company fell by 2.1 per cent to INR3,037.1 crore in April-June 2015 quarter from INR3103.2 crore in the same quarter of 2014 fiscal, it added. The company attributed the decline in net profit to challenging market conditions. “Overall constructio...

ACC suspends Chaibasa mining operations, India

06 July 2015, Published under Cement News

ACC Ltd has suspended limestone mining operations at its Chaibasa facility in Jharkhand as it awaits further clearances from the state government of Jharkhand. ''The limestone mining operations at the Company's Chaibasa Cement Works have been suspended on account of requirement of further clearances from the Government of Jharkhand,'' ACC has said in a statement. The Holcim group company said it is in discussion with the relevant authorities and expects limestone mining operations to resum...

ACC resumes limestone mining operations at Bargarh, India

18 June 2015, Published under Cement News

ACC Ltd informed the Bombay Stock Exchange that it has resumed limestone mining operations at Bargarh in Odisha state after about nine months. "The Company has resumed limestone mining operations at Bargarh with effect from June 17, 2015," ACC said in a statement to the Bombay Stock Exchange. ACC stopped mining at Bargarh in October following a government notice to suspend operations. "The impact of the closure was not material since cement grinding continued with transfer of clinker f...

ACC quarterly volumes lower on weaker demand

15 April 2015, Published under Cement News

ACC reported a decline in sales volumes for the January-March 2015 period due to weaker cement demand from the infrastructure and the general construction sectors, India’s second-largest cement producer said in a statement yesterday. The Holcim group company said its cement sales in the first three months of 2015 were down by 10.2 per cent to 5.82Mt versus 6.48Mt in the same period of last year. However, a mix of better realisation on cement sold, as a result of an increase in cement p...

ACC resumes Chaibasa mining operations, India

11 February 2015, Published under Cement News

ACC has resumed limestone mining operations at the captive mines of its Chaibasa cement plant in Jharkhand in eastern India, the company informed the exchanges. The Holcim group company had suspended mining activities temporarily in October at its plants in Chaibasa in Jharkhand and Bargarh in Odisha follwing a Supreme Court order. However, ACC resumed its operations after the government promulgated the mines and minerals (development and regulation) ordinance 2015 last month.