Cement News tagged under: acc
BJP government to conduct vigilance probe into land transfer09 March 2018, Published under Cement NewsThe Bharatiya Janata Party (BJP) government in Haryana, India, has decided to conduct a vigilance probe into the transfer of approximately 122 acres of land from Associated Cement Companies’ (ACC) Bhupendra factory to a Mumbai-based builder, reports The Times of India. Latika Sharma, MLA, Kalka (BJP), has stated that, as per the lease deed of the factory, the land could only be used for industrial purposes, but during the tenure of the previous government it was transferred to a builder... |
ACC and Ambuja place merger on hold27 February 2018, Published under Cement NewsACC Ltd and Ambuja Cements Ltd have placed their proposed merger on hold due to constraints related to the transfer of mines under current laws, reports the Hindustan Times. "The current regime on transfer of mineral concessions is still evolving and does not provide for a merger currently," said a spokesperson for ACC. "Given the challenges of achieving such transfers across 18-20 states, it was found prudent not to pursue the same at this point of time." The merger has been under re... |
ACC releases 2017 results09 February 2018, Published under Cement NewsACC has released its consolidated financial results for the final quarter and full-year period ended 31 December 2017. Cement sales increased 14 per cent in 2017, to 26.21Mt from 22.99Mt of the previous year. Net sales reached INR129bn (US$2bn) in the full-year period, compared to INR107.7bn seen in 2016. Operating EBITDA advanced 29 per cent YoY to INR19.1bn from INR14.7bn. 4Q17 Cement sales in the 4Q17 registered growth of 27 per cent YoY to INR6.92Mt, backed by a stronger focus on pr... |
ACC launches new cement26 January 2018, Published under Cement NewsNeeraj Akhoury, CEO, ACC Ltd, launched the company’s new F2R Superfast cement on Tuesday, according to the Business Standard. The product is the latest addition to the F2R range, designed to meet consumer needs and local conditions. It will feature tamper-proof packaging to ensure that the cement retains the best possible quality during its delivery to the customer. "We are very excited with our latest innovation which was developed in response to specific customer needs such as fast se... |
ACC Ltd expects demand to stay on course in 201828 December 2017, Published under Cement NewsACC Limited expects demand for cement in India to stay on course in the coming year. In its outlook for 2018, the company stated how the plans by the Government of India to boost economic growth and develop 100 smart cities will provide increased construction activity. “[The Government of India] plans to increase investment in infrastructure, as well as expand the capacity of railways and the facilities for handling and storage to ease the transportation of cement and reduce transportation ... |
LafargeHolcim01 November 2017, Published under Cement NewsThe Indian LafargeHolcim subsidiary Ambuja Cement sold 17.09Mt of cement during the first half of 2017, a YoY increase of six per cent with the third quarter showing an 11.6 per cent rise to 5.02Mt. The turnover advanced by 10.1 per cent to INR76.29bn, but EBITDA were only 3.1 per cent ahead at INR14bn. Net profit showed a 21 per cent rise to INR9.11bn. Including ACC, the cement volume was ahead by 8.1 per cent to 36.38Mt, while the turnover was ahead by 13.6 per cent to INR170.95bn and EBIT... |
ACC 3Q17 sales volume rises 18%18 October 2017, Published under Cement NewsACC delivered sales volume growth of 18 per cent in the 3Q17 (July-September 2017) compared to five per cent in 3Q16. Sales volume reached 19.29Mt for the first nine months of 2017. The stabilisation of Jamul and Sindri cement plant capacities have contributed to this growth. Premium product sales rose by 18 per cent YoY. "ACC's results demonstrate our capacity to respond quickly and resolutely to changing market dynamics and execute strategies with focus and determination. Our approach... |
ACC updates on sustainable development achievements23 June 2017, Published under Cement NewsACC Ltd of India, part of the LafargeHolcim group, yesterday released its 2016 Sustainability Report where its emissions show a reduction of 30 per cent from the 1990 baseline. Among the highlights from the report, during the year ACC commissioned Hybrid Electrostatic Precipitators (ESP) at its Jamul plant and and upgraded its coal mill bag house and cooler ESP at the Gagal plant. The new Zero Liquid Discharge (ZLD) system at the Wadi and Chanda, and sewage water treatment plants at Lakher... |
ACC considers Telangana plant construction23 May 2017, Published under Cement NewsACC Ltd is considering setting up a cement plant in the southern Indian state of Telangana, a senior official from the LafargeHolcim company told local press. Speaking to reporters from the Telangana Today, Philip Mathew, chief manufacturing officer of ACC, said: “We have recently set up one plant in Chhattisgarh and the effort is stabilising it. We hope to set up a similar plant here." Mr Mathew added that the new plant would likely have a capacity of around 3Mta. |
ACC to consider merger with Ambuja Cement08 May 2017, Published under Cement NewsThe Board of Directors of ACC, at its meeting on Friday, decided to commence an evaluation of a potential merger with Ambuja Cement. Both Indian cement concerns are part of the LafargeHolcim group. The move is being considered "with a view to combine the strengths of both businesses so as to benefit all stakeholders," ACC said in a statement. A special committee of directors, of which the majority are independent directors, has been installed to commence the evaluation. "No decision ... |