India: Ambuja Cement is looking for ready-mix concrete (RMX) and aggregate assets to buy as part of its growth plans. A company source quoted by the Business Standard newspaper said that it was considering ‘growth options’ in all of its core businesses of cement, RMX and aggregates. Industry analysts have interpreted this as an effort to diversify the business away from dominance by the cement sector. However, expansion in the RMX market is expected to be difficult owing to the lack of local organisation in the market.
The subsidiary of LafargeHolcim has a cement production capacity of 63Mt/yr, including those of ACC. Both Ambuja Cement and ACC use a master supply agreement to coordinate sales, marketing and logistics.
