Cement News tagged under: ACC
Shiva Cement to raise capacity by 1Mta08 July 2013, Published under Cement NewsShiva Cement, in which ACC Ltd holds a 12.65 per cent stake, plans to increase capacity by 1Mta at its cement plant in Odisha on the east coast of India. The company currently has a capacity of 0.132Mta at the works in Rourkela and plans to invest INR270 crore to raise its volumes. RP Gupta, chairman and managing director of Shiva Cement, said the project is expected to be completed by the first half of 2015 with plans for a further increase also in the pipeline. |
Holcim to restructure Indian operations?03 July 2013, Published under Cement NewsHolcim is reportedly planning to restructure its Indian operations which could see the merger of its two local subsidiaries, ACC and Ambuja Cements. Citing various sources familiar with the situation, the Economic Times of India reported that the Swiss cement major has called on a global investment bank to evaluate various options on how the two operations could be combined. Holcim owns a 50.3 per cent stake in both ACC and Ambuja Cements, the second and third-largest cement producer in I... |
ACC targets ready-mix concrete sales14 June 2013, Published under Cement NewsACC has devised an action plan, including product innovation, to strengthen its ready-mix concrete business. The 77-year-old company has lined up a series of ready-mix concrete products to push sales. Holcim-owned ACC is betting on the affluent and demanding lifestyle of GenNext to push its environment-friendly products. If used in open spaces like car park or garden pathway, Permecrete can allow rainwater to seep through for recharging groundwater table. Notwithstanding the product innova... |
Tax write back boosts ACC and Ambuja Cements 1Q, India06 May 2013, Published under Cement NewsHolcim's Indian cement interests, ACC and Ambuja Cements, managed to post an improved first-quarter performance YoY despite a decline in sales, largely due to a writeback of income-tax provisions during the March quarter and an additional depreciation recognised for the March quarter last year. Both companies, in which the Swiss major holds a 50.3 per cent stake each, follow the calendar year (Jan-Dec) as their financial reporting year. India's number two cement producer, ACC, poste... |
ACC plans capex of INR33bn in 201308 April 2013, Published under Cement NewsACC Ltd, India's second-largest cement producer, has planned a capital expenditure of INR33bn (US$603.9m) in 2013, most of which will be used for the expansion of an existing unit at Jamul in Chhattisgarh. ACC has started work on the Jamul expansion project, which will add 5Mta of capacity, Chairman NS Sekhsaria said while addressing shareholders at the company's 77th annual general meeting (AGM). The expansion, to be completed in a phased manner by 2015, will take ACC's total capacity t... |
Loesche awarded new contract for ACC project20 March 2013, Published under Cement NewsLoesche, in a consortium with KHD, has been awarded a contract for its vertical roller mill technology to be employed at ACC’s Jamul plant in India. Loecshe will supply its mills type LM 56.3+3 and LM 43.3 D for the new project being undertaken by Holcim group company ACC. Part of the clinker produced in Jamul will be ground at the cement plant while another part will be processed at grinding terminals, for which a Loesche Mill Type LM 56.3+3 CS equipped with a classifier type LDC will ... |
ACC sees 49 per cent drop in quarterly profit08 February 2013, Published under Cement NewsIndia’s second largest cement producer ACC reported a 49 per cent YoY drop in net profit for the third quarter of the current fiscal. The company, in which Swiss cement major Holcim owns a 50.3 per cent stake, reported a net profit of INR2.39bn compared with INR4.7bn a year earlier for the October-December 2012 period. The year-ago number included an exceptional gain for a tax write-back of INR1.29bn. Excluding this, profit would have fallen 30 per cent. Higher fuel and transportation cos... |
Mixed bag of Q3FY13 earnings for Indian cement producers10 January 2013, Published under Cement NewsA weakness in cement prices and softening demand in the region is expected to hit Q3FY13 earnings of some of India’s cement producers. Only ACC and Ambuja are forecast to record a YoY earnings growth, says research house Jefferies. Grasim, ICEM and UltraTech are predicted to see more modest earnings. Ambuja should benefit from a 1.2 per cent YoY rise to 5.8Mt in cement and clinker volumes. Average realisation is anticipated to improve nine per cent YoY, largely cancelling out the two per ... |
KHD wins new order for 9000tpd ACC plant, India19 December 2012, Published under Cement NewsKHD Humboldt Wedag International AG subsidiaries, Humboldt Wedag India, Pvt Ltd and Humboldt Wedag GmbH received an order from Holcim Group company ACC Ltd, India, for a new 9000tpd cement plant. The total project value, of €69m, consists of a euro portion of €19.8m and an Indian rupee portion equivalent to €49.2m. The plant will be built in Jamul, Chhattisgarh, India and is scheduled for commissioning in May 2015. KHD will supply its energy-efficient COMFLEX® technology for the raw mate... |
ACC awards contract for Jamul Cement plant construction, India18 December 2012, Published under Cement NewsMcNally Bharat Engineering has been awarded a contract by ACC Ltd for the construction and installation of a cement plant in the central Indian state of Chhattisgarh. "The company has received an order from ACC Ltd for onshore supply, civil construction and installation and erection of the new Jamul Cement plant," McNally Bharat said in a filing to the Bombay Stock Exchange. The order has a contractual delivery period of 30.5 months, it said and is worth INR733 crore McNally Bharat Enginee... |