Cement News tagged under: Ambuja Cements
ACC and Ambuja Cements looks to optimise supply chain18 January 2021, Published under Cement NewsIndia’s ACC Ltd and Ambuja Cements have contracted Blue Yonder, a leading digital supply chain provider, to implement a supply chain optimisation and digitalisation process. The software company is expected to help improve sales and operational planning (S&OP) by gaining visibility into daily demand, production and dispatch plans to better predict demand fluctuation and scheduled maintenance, alongside improving logistics and transportation capabilities. "The objective of this project is ... |
CCI starts investigation into Ambuja and ACC10 December 2020, Published under Cement NewsThe Competition Commission of India (CCI) has initiated an investigation against ACC and Ambuja Cements and other cement companies in the country regarding alleged anti-competitive behaviour, according to regulatory filings. "ACC is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities. ACC has a long-standing commitment to fair competition as... |
Ambuja Cements reports 51% increase in net profit23 October 2020, Published under Cement NewsIndia’s Ambuja Cements reported a 50.5 per cent YoY rise in consolidated net profit to INR8.04bn (US$109.15m) for the July-September quarter this year, compared to INR5.34bn during the year-ago period. Standalone profits also surged 88 per cent YoY to INR4.41bn, mainly on account of the company’s cost reduction programmes and volume growth. "Robust improvements in operational efficiency and cost reduction programmes coupled with volume growth, have led to an earnings increase for the quarte... |
Ambuja Cements reports 12% increase in net profit13 July 2020, Published under Cement NewsIndia’s Ambuja Cements reported a 12 per cent YoY rise in consolidated net profit to INR5.54bn (US$73.73m) for the quarter ending 31 March, with sales volumes falling 10 per cent to 5.77Mt. The company also noted that its greenfield expansion project at Marwar Mundwa, Rajasthan, is on schedule and expected to commence operations by next year. Elsewhere, Ambuja Cements is set to digitise its entire supply chain to improve visibility and optimise cost going forward, announced Martin Kriegne... |
Bureau of Indian Standards issues first licence for microfine OPC production09 July 2020, Published under Cement NewsThe Bureau of Indian Standards (BIS) has granted the country’s first licence for the manufacture of microfine ordinary Portland cement and ultrafine ground granulated blastfurnace slag (GGBS) to Counto Microfine Products. The company is a joint venture between Ambuja Cements and Alcon group and has one of the largest manufacturing facilities for microfine materials in Goa. The Goan firm will now be able to produce and sell the products with an assurance on the quality and reliability of th... |
Ambuja Cements has seen a 7% increase in net profit29 April 2020, Published under Cement NewsIndia’s Ambuja Cements has seen a 6.8 per cent increase in its consolidated net profit to INR7.43bn (US$97.5m) for the first quarter of 2020, compared to INR6.95bn in the year-ago period. However, revenue from operations declined 8.5 per cent YoY to INR62.5bn in the 1Q20, following a decline in volumes due to the country’s lockdown status. On a standalone basis, Ambuja Cements saw a 6.5 per cent YoY fall in first-quarter net profit to INR3.99bn from INR4.27bn. Revenue from operations w... |
Ambuja Cements seeks production start from 20 April20 April 2020, Published under Cement NewsLafargeHolcim subsidiary Ambuja Cements plans to start production in phases at its plants across India from 20 April and is seeking government approval. The company had suspended operations on 23 March due to the coronavirus pandemic. The company is taking steps to adhere to the standard operating procedure for social distancing mandated by the government in the new guidelines issued by the government on 15 April, it said in a regulatory filing. "The company is seeking necessary permissio... |
ACC and Ambuja Cement announce new MDs & CEOs25 February 2020, Published under Cement NewsACC (LafargeHolcim group) has appointed Sridhar Balakrishnan as its new managing director and chief executive officer for five years effective from 21 February 2020. Mr Balakrishnan will be taking over the position from Neeraj Akhoury, who has resigned with effect from close of business hours of 20 February 2020. Mr Akhoury will take over the role of MD and CEO of Ambuja Cements from 21 February 2020 but will continue as a non-executive member of ACC's board of directors. Meanwhile, Bimlen... |
Ambuja Cements names Neeraj Akhoury as MD and CEO21 February 2020, Published under Cement NewsAmbuja Cements has appointed Neeraj Akhoury as its new managing director and chief executive officer with effect from 21 February 2020, the company said in a press release. He will succeed from Bimlendra Jha, who resigned to pursue other interests. Mr Akhoury was previously MD and CEO of ACC Ltd and has 27 years of experience across multiple roles including sales and marketing, logistics and corporate affairs. Mr N S Sekhsaria, Ambuja Cements’ chairman, said: "We are pleased to have Nee... |
Ambuja Cement launches 'Ambuja Plus Cool Walls'02 April 2019, Published under Cement NewsAmbuja Cements Ltd (LafargeHolcim group) has launched 'Ambuja Plus Cool Walls' for Individual Home Builders (IHB) in Thane district, India. The product ensures maintenance of a 5°C temperature difference indoors, no matter how hot or cold the external temperature is. Developed by Ambuja’s in-house team, the product embeds 'Heat Barrier' technology to keep indoors warm during the winter and cool during the summer. Deepak Mehra, chief marketing officer of Ambuja Cement, said: "Since our ince... |