Cement News tagged under: Ambuja Cements
Ambuja Cement records net sales of INR33.4bn26 July 2021, Published under Cement NewsAmbuja Cement recorded net sales of INR33.420bn (US$448.9m) in the April-June 2021 quarter 2021, up from INR21.450bn in the same period last year. Sales volumes for the 2Q21 reached 6.33Mt up from 4.19Mt in the 2Q20. EBITDA rose substantially in the 2Q21 to INR9600m, up 61 per cent from INR5950m recorded in the same period last year. Profit after tax amounted to INR7230m in 2Q21, up from INR4530m in the 2Q20. Neeraj Akhoury, CEO India of Holcim and Managing Director and CEO of Ambuja ... |
Ambuja Cements and ACC make Industry 4.0 investment29 June 2021, Published under Cement NewsHolcim India companies, Ambuja Cements Ltd and ACC Ltd, are further investing in Industry 4.0 under the group's ‘Plants of Tomorrow’ programme. The four-year programme aims to create a global network of over 270 integrated cement plants and grinding stations in more than 50 countries by applying automation technologies and robotics, artificial intelligence, predictive maintenance and digital twin technologies to the entire production processes. Neeraj Akhoury, CEO India Holcim and mana... |
Geocycle India to process plastic waste from river clean-up22 June 2021, Published under Cement NewsACC and Ambuja Cement’s waste management subsidiary, Geocycle India, will be joining Rekart Innovations in removing plastic waste from the Jojari riverbed in Pipar, Jodphur, Rajasthan. The first load of plastic waste, weighing more than 10t, was recovered recently and sent to Geocycle’s processing facilities at the cement plants of both cement producers. “Geocycle’s vast co-processing infrastructure guarantees safe and environmentally-friendly final treatment of the collected waste. Co-pr... |
Geocycle India to help reduce plastic waste leakage19 May 2021, Published under Cement NewsGeocycle India, the in-house waste management arm of LafargeHolcim’s Ambuja Cements and ACC, will implement its Bubble Barrier technology at the Mantola Canal in Uttar Pradesh, to tackle plastic waste leakage. "The Geocycle Bubble Barrier is an innovative concept based on existing technology which makes smart use of a combination of natural currents and a bubble curtain to channel plastic waste towards the banks of rivers and canals instead of it flowing directly into the Yamuna river, fr... |
Ambuja Cements has posted a 30% rise in net sales30 April 2021, Published under Cement NewsIndia’s Ambuja Cements (LafargeHolcim) has posted a 29.7 per cent YoY rise in net sales to INR35.79bn (US$483.19m) for the January-March 2021 quarter, compared to INR27.6bn in the year-ago period. The company’s EBITDA also advanced 62 per cent YoY to INR9.77bn, while its EBITDA margin climbed to 27.3 per cent from 21.9 per cent. "India demand growth has been strong in the last quarter which has also helped the sales volume growth and commercial performance. We are also proud to witness th... |
ACC and Ambuja partner to research sustainable solutions23 April 2021, Published under Cement NewsIndia’s ACC and Ambuja Cement (LafargeHolcim) has partnered with the Indian Institute of Technology Madras (IITM) to develop green and sustainable building solutions, according to a press release. The research will look at the use of low-CO 2 binders, with a combination of alternative reinforcement, as a potential substitute for conventional steel rebar. This would reduce the CO 2 footprint of construction work. The collaborative research study will be financially aided by the LafargeHolc... |
Ambuja Cement expects to commission Mundwa plant in 3Q2112 April 2021, Published under Cement NewsAmbuja Cement will complete its integrated greenfield cement plant at Mundwa in Rajasthan with învestment of INR23,500m (US$314.4m) in 3Q21. The new plant will enhance the clinker capacity of the company by 3Mta and help improve cement sales by 5Mta. Ambuja Cement is also evaluating brownfield expansions at plants in Bhatapara in Chattisgarh and Maratha (Chandrapur), Maharashtra, in addition to looking at debottlenecking opportunities to reach 50Mta capacity. Addressing shareholders ... |
Ambuja Cement increases volumes by 7% in 4Q2019 February 2021, Published under Cement NewsLafargeHolcim's Indian subsidiaries, Ambuja Cement and ACC Ltd, reported high sales volumes in the 4Q20. Ambuja Cement's financial performance for the 4Q20 saw volumes grow by seven per cent, while ACC Ltd's net sales during the quarter increased to INR40,660m (US$560.1m) compared to INR39,700m last year. Ambuja Cement 4Q20 Ambuja Cement's sales were supported by strong prices and a 14 per cent YoY growth in net sales. Net sales during the quarter stood at INR34,680m compared to INR30,3... |
Ambuja Cement and ACC renew Master Supply Agreement19 February 2021, Published under Cement NewsThe Board of Directors of ACC and Ambuja Cement (LafargeHolcim group) have renewed their existing Master Supply Agreement for three years. In 2018 both companies entered into agreement for supply of cement, clinker and other raw materials such as fuels, fly ash, slag and gypsum besides spare parts used in the factories. As per the pricing formula, both the companies will offer five per cent discount for cement supply to each other on their average net selling price. ACC has a... |
Ambuja Cement to start biofuel sea trials08 February 2021, Published under Cement NewsAmbuja Cement (LafargeHolcim group) is commencing sea trails for using biofuels in its fleet of captive ships, Ambuja Mukund, a move which is estimated to reduce carbon emission by around 25 per cent, claims the company. "With the introduction of biodiesel blends, we are significantly contributing towards the reduction of GHG emissions by introducing a suitable alternate green fuel that helps achieve our parent, LafargeHolcim’s sustainability vision of net zero pledge 2030," said the ... |