Cement News tagged under: Ambuja Cement

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India’s demand growth shifts gear

11 November 2019, Published under Cement News

The April-June 2019 quarter saw India’s cement growth slow, putting the brakes on a long spell of double-digit advances. Higher cement prices and lower input costs have helped support producer profit margins, but with no immediate demand recovery in sight, government infrastructure and affordable housing projects are the main beacons of light. The Indian cement sector has seen another interesting quarter with the economy and pace of cement consumption slowing, the sustainability of...

Ambuja Cement sees 1% rise in net sales for 3Q19

23 October 2019, Published under Cement News

India’s Ambuja Cement (LafargeHolcim) reported a modest decline in standalone sales volumes to 5.23Mt in the 3Q19, compared with 5.456Mt in the year-ago period. However, net sales climbed 1.3 per cent YoY to INR25.56bn (US$360.48m) and EBITDA advanced 22.9 per cent to INR4.4bn. Profit after tax increased 31.3 per cent to INR2.35bn from INR1.79bn. "In the backdrop of general slowdown in economy and subdued construction activity, Ambuja has delivered yet another quarter of good EBITDA and ...

Ambuja Cement records 1.2% increase in standalone net sales

29 July 2019, Published under Cement News

India’s Ambuja Cement (LafargeHolcim) has announced a 1.2 per cent YoY increase in standalone net sales to INR57.59bn (US$834m) for the 1H19. EBITDA rose 2.9 per cent to INR11.62bn from INR11.29bn. However, sales volumes fell to 12.19Mt from 12.59Mt. In the second quarter, net sales declined 0.5 per cent to INR29.12bn against INR29.27bn in the year-ago period. However, EBITDA advanced 12.2 per cent to INR6.98bn from INR6.22bn. Sales volumes decreased to 5.82Mt from 6.37Mt in the 2Q18. "Am...

Ambuja Cement to support cement activities with RMC and aggregate acquisitions

15 July 2019, Published under Cement News

LafargeHolcim-owned Ambuja Cement is looking to acquire capacity in ready-mix concrete (RMC) and aggregates business to fuel growth, according to The Business Standard, citing a company official. Analysts see the move as a step towards being a building materials company and not solely a cement maker. “Globally, cement giants have looked at developing a building materials image and not just as a cement manufacturer and the focus of Ambuja (Holcim Group) appears to be on similar lines. The fo...

WBCSD and key cement producers launch Indian roadmap

27 June 2019, Published under Cement News

Major companies from the cement sector and the World Business Council for Sustainable Development (WBCSD) launched the ‘Indian Cement Sector SDG Roadmap’ on 25 June at an event organised by WBCSD and UN Global Compact Network India. The UN’s Sustainable Development Goals (SDGs) represent a universal framework that establishes a collective pathway for humanity to achieve prosperity for people and planet on the road to 2030. While governments have universally resolved to implement the SDGs, ...

India’s return to stability

22 May 2019, Published under Cement News

While India’s cement consumption saw a strong double-digit advance in 2018, such rates are unlikely to be sustainable and expectations are that consumption growth will moderate to more stable levels in 2019. Gradual improvements in capacity utilisation rates and input costs are also on the cards, while the outlook for prices still remains unclear despite an upswing in some regions at the start of this year. The Indian market is expected to moderate to more stable levels of growth in 2...

The road to net-zero

08 May 2019, Published under Cement News

Shree Cement, one of India's top three cement producers with a production capacity of 35Mta, has announced its commitment to set a science-based target to cut its greenhouse gas (GHG) emissions and help tackle climate change. The company follows two other leading Indian cement producers, Dalmia Cement and Ambuja Cement in setting science-based targets and provides "a powerful signal of change", according to global non-profit coalition We Mean Business. However, is reaching net-zero emission...

Ambuja Cement records 57% PAT increase in 1Q19

01 May 2019, Published under Cement News

India’s Ambuja Cement Ltd (LafargeHolcim) has announced its stand-alone results for the 1Q19, recording a 57 per cent YoY increase in net profit after tax to INR4.27bn (US$61.4m) from INR2.72bn. However, its operating EBITDA declined 8.7 per cent to INR4.63bn from INR5.07bn. Net sales rose three per cent to INR28.47bn in the first quarter of 2019, compared with INR27.63bn of the year-ago period. In particular, cement sales showed four per cent growth to finish at 6.37Mt against 6.22Mt of t...

Leading from the front

18 March 2019, Published under Cement News

Following last year’s IPCC report on climate change, there has never been a greater urgency to reduce greenhouse gas emissions across all sectors and geographies to limit global warming to 1.5˚C. Therefore, the built environment will need to fast-track to zero carbon. In India, the world’s second-biggest cement producer, three of the country’s major players – Dalmia Cement, Ambuja Cement and UltraTech Cement – are leading from the front. By Jennifer Gerholdt, We Mean Business. Improvi...

Ambuja Cement calls on collaboration for sustainable water management

17 December 2018, Published under Cement News

Ambuja Cement Foundation (ACF), the CSR arm of Ambuja Cements Ltd, has called for a greater emphasis on cohesive and collaborative efforts to inspire sustainable water management and build water sufficient, progressive and prosperous communities across India. In association with Samhita – a social enterprise specialising in developing CSR initiatives – ACF hosted a participatory dialogue on 'Investing in Water for Today and the Future' to address and mitigate the growing water scarcity issu...