Cement News tagged under: Asian Concretes and Cements
ACC acquires Asian Concretes and Cements08 January 2024, Published under Cement NewsACC Ltd , a subsidiary of Ambuja Cements Ltd , has announced that it is acquiring a 55 per cent stake in Asian Concretes and Cements Pvt Ltd (ACCPL) for an enterprise value of INR7750m (US$93.3m). ACC currently holds a 45 per cent stake in ACCPL so this latest deal gives ACC entire ownership of ACCPL, increasing ACC’s cement production capacity to 38.55Mta. ACCPL runs 1.3Mta of cement capacity in Nalagarh, Himachal Pradesh, while its subsidiary, Asian Fine Cements Pvt Ltd (AFCPL) has... |
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