Displaying items by tag: ACC
India: Ambuja Cements and ACC, LafargeHolcim’s local subsidiaries, have started supplying oxygen concentrators, cylinders and generating plants in various locations to help the government as it tackles a second wave of the coronavirus pandemic.
In Rajasthan, Ambuja Cements is setting up an oxygen generating plant at the JLN Hospital in Nagaur with a capacity of 40 - 50m3, with daily refilling of around 175 - 200 cylinders. The process to set up the oxygen plant has commenced and should be ready around the end of May 2021. In addition to setting up the plant, Ambuja Cements and ACC, have placed an order to procure 100 oxygen concentrators, each with a capacity of 10l/minute. These will be supplied to communities of three districts in Rajasthan - Bundi, Pali and Nagaur - where cement plant of both companies are located at Lakheri, Rabriyawas and Mundwa.
In Gujarat Ambuja Cements has installed an oxygen generating plant at Ambujanagar Multi-Specialty Hospital. The oxygen generating unit has a capacity of 35 - 40 cylinders/day at the flow rate of 10Nm3/hr and has been set up in two weeks.
Neeraj Akhoury, the chief executive officer of LafargeHolcim India, said “Community well-being has always been our priority, and it takes precedence as India bravely fights the second wave of the pandemic. In the current situation, oxygen supply is critical to combat the effects of Covid-19 and through setting up an oxygen generating plant, we aim to extend our support to the community members and local authorities.”
Other similar schemes to supply oxygen and related equipment are being prepared in Dehli, Madhya Pradesh, Uttar Pradesh and Chhattisgarh, according to the Press Trust of India.
ACC wins Climate Action Programme 2.0° Orientated award
23 March 2021India: The Climate Action Programme 2.0° has awarded ACC its Orientated award for efforts towards CO2 emissions reduction. United News of India has reported that the award assesses companies on the basis of the Confederation of Indian Industry’s climate-maturity model and the Business Excellence Framework. ACC claimed the national award in the energy, mining and heavy industries category.
Managing director and chief executive officer Sridhar Balakrishnan said, "Sustainable construction and environmental conservation are our core corporate objectives. Through our consistent focus on sustainable business practices, we have emerged as one of the companies with the lowest carbon footprints in the cement industry. This award will motivate us further to continue working towards building a greener planet." He added, “As part of global cement major LafargeHolcim, the company is committed to the Net Zero vision of the group and is an industry leader in combating climate change through consistent commitment to sustainable practices. ACC's sustainability mission is defined by the Triple Bottom Line, which signifies accomplishing three interdependent and mutually reinforcing goals of economic development, social development, and environmental protection.” ACC also became a partner of the UK-based Global Cement and Concrete Association (GCCA).
India: Birla Corporation has appointed Arvind Pathak as its managing director and chief executive director (CEO). He will succeed Pracheta Majumdar from 31 March 2021.
Pathak holds 36 years of experience in the cement industry. He has held CEO or equivalent positions for over 14 years in various large organisations which include ACC, Dangote Cement, Adani and Reliance Group. He holds a degree in Electrical Engineering from Indian Institute of Technology (Banaras Hindu University), Varanasi and a postgraduate degree in Industrial Engineering and Management. He has also been trained in a number of international management institutions.
ACC and Ambuja Cements renew master supply agreement
19 February 2021India: ACC’s audit committee and board of directors have approved the renewal of the company’s master supply agreement with Ambuja Cements from 2 May 2021 to 2 May 2024. The agreement will continue on its current terms.
ACC grows earnings in 2020 despite coronavirus
17 February 2021India: ACC’s net sales fell by 12% year-on-year to US$1.85bn in 2020 from US$2.11bn in 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 3% to US$341m from US$332m. Cement sales volumes decreased by 12% to 25.5Mt and ready-mixed concrete sales volumes by 36% to 2.3Mm3. The subsidiary of Switzerland-based LafargeHolcim said that its cost efficiency program and working capital optimisation helped it to grow earnings and profits in 2020 despite the coronavirus pandemic.
ACC launches ECOPact concrete in India
16 February 2021India: LafargeHolcim subsidiary ACC has launched its ECOPact range of reduced-CO2 concrete products in Hyderabad and Mumbai. A full nationwide rollout will follow in February and March 2021.
Managing director Sridhar Balakrishnan said, "The innovative manufacturing process of the ECOPact range reduces CO2 emissions by up to 100% and further enhances our sustainable products offerings for the construction industry.”
ACC breaks ground on 2.7Mt/yr Ametha cement plant project
08 February 2021India: Ambuja Cements subsidiary ACC has held the groundbreaking ceremony for its upcoming 2.7Mt Ametha integrated cement plant near Kymore, Madhya Pradesh. The company says that the plant will be equipped with an additional 1Mt/yr grinding unit and a 15MW waste heat recovery (WHR) plant. It estimated that the new plant will generate over 5000 indirect jobs. The producer currently operates 3.6Mt/yr of clinker production and 2.7Mt/yr of grinding capacity in the state.
LafargeHolcim India chief executive officer and Ambuja Cements managing director and chief executive officer Neeraj Akhoury said, “Our Business Excellence Journey has been successful on account of the continuous support and guidance rendered to us by the State Government. It is a great privilege and honour for us to be one of the pioneers in the industrialisation journey of Madhya Pradesh. The new project will further strengthen our partnership and propel the growth of the State.”
India: ACC and Ambuja Cements have chosen US-based Blue Yonder to improve their supply chain management. Both subsidiaries of LafargeHolcim are using Blue Yonder’s Luminate Planning software product to help improve sales and operational planning.
"We chose Blue Yonder as our partner for supply chain management digitalisation because Luminate Planning will give us greater visibility into our combined supply chains," said Rajeev Mehta, chief logistics officer, ACC and Ambuja Cement. "The objective of this project is to improve the customer experience and service levels, yet profitably grow by tapping into the synergies of our supply chains, thus maximising capacity utilisation and minimising overall cost."
India: LafargeHolcim subsidiary ACC has commissioned a new 1.4Mt/yr unit at its Sindri cement grinding plant in Jharkhand. The plant now commands a total grinding capacity of 4.4Mt/yr. The company began work on the expansion in December 2019 in order to strengthen its presence in the Eastern region. It said that the state government and local authorities aided smooth commissioning.
LafargeHolcim India chief executive officer (CEO) and non-executive director ACC Limited Neeraj Akhoury said, "Strong ambition aimed at deliverance of high performance is what guided ACC to establish the commissioning of the Sindri GU-Phase-II within a record period.” He added, “I am proud of the flexibility and agility demonstrated by the team."
ACC managing director and chief executive officer (CEO) Sridhar Balakrishnan said, “The commitment, meticulous planning and collaborative approach by the Project Sindri team in these unprecedented times and commencing the cement production in a record time have set a new benchmark for ACC.”
Competition Commission of India launches investigation into ACC, Ambuja Cement and UltraTech Cement
10 December 2020India: The Competition Commission of India (CCI) has raided the offices of LafargeHolcim subsidiaries ACC and Ambuja Cement and Aditya Birla subsidiary UltraTech Cement as part of an investigation into alleged anti-competitive behaviour, according to the Press Trust of India. ACC said it, "is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities."