ACC appoints Neeraj Akhoury as MD and CEO
Neeraj Akhoury took office on 7 February as new managing director and CEO of ACC.
Acc
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India: ACC reports 2.7% advance in net profit in 2016
The Indian LafargeHolcim subsidiary ACC Ltd reported a 2.7 per cent reduction in cement deliveries for 2016 to 22.99Mt, while in the 4Q16 the reduction was 9.1 per cent to 5.45m...
LafargeHolcim expected to announce merger deal for ACC and Ambuja Cements
LafargeHolcim, the parent company of ACC and Ambuja, is considering merging its two Indian cement majors, sources told CNBC-TV18. LafargeHolcim owns 63 per cent in Ambuja Cement...
India: Seven cement firms fined for bid-rigging
The Competition Commission of India (CCI) has imposed fines totalling more than INR2bn (US$30m) on seven cement firms it found guilty of colluding in their responses to a 2012 t...
India: LafargeHolcim increases stake in Ambuja and ACC
LafargeHolcim has increased its shareholding in Ambuja Cement through the purchase of an additional 39.1m shares, increasing the Franco-Swiss firm’s stake by 1.49 per cent to 63...
Ambuja Cement profits up 80% as Indian profits climb 40% overall
Ambuja Cement has released its Q3 earnings, which show that net profits for the company were up by 80 per cent YoY at INR2.77bn (US$41.5m).
India: ACC reports 10% fall in cement deliveries in 3Q16
The Indian LafargeHolcim subsidiary ACC Ltd reported a 0.5 per cent reduction in cement deliveries for the first nine months of the year to 17.54Mt, while in the third quarter t...
India: ACC commissions Sindri grinding unit
ACC Ltd's 1.35Mta Sindri cement grinding unit in Jharkhand, which is a part of the Jamul Integrated project, has also been commissioned and commercial production has commenced w...
India prepares for the upturn Premium
After a strong first quarter, India’s cement demand experienced a setback in April and May. However, monsoon preparations helped the market recover in the following month and th...
Indian cement producers to appeal CCI fines
LafargeHolcim, India Cements and Ramco Cements have said that they will appeal against yesterday’s ruling by the Competition Commission of India (CCI) which levied fines totalli...